On April 14, 2004, Standard&Poor's Ratings Services said that its 'BB-' corporate credit and other ratings on Goodyear Tire&Rubber Co. remain on CreditWatch with negative implications where they were placed on Dec. 11, 2003. The CreditWatch placement followed Goodyear's announcement that an ongoing internal investigation had identified possible improper accounting issues in its overseas operations. The CreditWatch also reflected concerns about the firm's poorly performing North American tire operations. The internal accounting investigation has now been completed and will result in adjustments to previously reported financial statements, but Standard&Poor's has concluded that the adjustments will have no impact on the company's ratings. Nevertheless, the continuing CreditWatch placement reflects Standard&Poor's intention to review
