On Nov. 13, 2008, Standard&Poor's Ratings Services placed its ratings on The Goodyear Tire&Rubber Co., along with those of 14 other North American auto suppliers, on CreditWatch with negative implications as a result of the company's significant exposure to General Motors Corp. (CCC+/Negative/--), Ford Motor Co. (B-/Watch Neg/--), and Chrysler LLC (CCC+/Negative/--). Other auto suppliers were already on CreditWatch, in part because of their exposure to the three automakers. (For the complete list of affected companies, please see the media release published earlier today.) The CreditWatch listings reflect the increasingly beleaguered state of the Michigan-based automakers and the multiple scenarios-–almost all of them negative-–that could play out over the next few weeks or months. We expect
