NEW YORK (Standard&Poor's) Nov. 16, 2006--Standard&Poor's Ratings Services assigned its 'B-' ratings to Goodyear Tire&Rubber Co.'s $500 million floating rate senior notes due 2009 and its $500 million fixed rate senior notes due 2011, and placed the ratings on CreditWatch with negative implications. Goodyear's 'B+' corporate credit and other ratings remain on CreditWatch with negative implications where they were placed Oct. 16, 2006, because of the potential for business disruptions and earnings pressures that could result from the ongoing labor dispute at most of the company's North American tire plants. Pro forma for the new debt issues, Goodyear will have total debt (including the present value of operating leases and underfunded employee benefit liabilities)
