Summary: Goodyear Tire&Rubber Co. (The) - S&P Global Ratings’ Credit Research

Summary: Goodyear Tire&Rubber Co. (The)

Summary: Goodyear Tire&Rubber Co. (The) - S&P Global Ratings’ Credit Research
Summary: Goodyear Tire&Rubber Co. (The)
Published Aug 20, 2001
Published Aug 20, 2001
Price US$ 225.00  |  Buy this Report Now

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Abstract:

The ratings on Goodyear Tire&Rubber Co. reflect the company's leading market position, albeit in a highly competitive industry, and expectations that debt-protection measures will improve from currently depressed levels during the next two years. Goodyear is the world's largest tire manufacturer, supplying replacement and original equipment segments of the industry. The company also produces rubber-related industrial and automotive components and chemicals. Goodyear has reported very disappointing financial results for the past two and a half years. In 1999, the company generated only $243 million in net income (net of $172 million in restructuring charges), compared with $682 million in 1998 (including $61 million in net gains). In 2000, the company generated just $40 million in net income (net

  
Report Type:

Summary

Ticker
Issuer
GICS
Tires & Rubber (25101020)
Sector
Automotive , Commercial MBS , Corporations , Global Issuers , Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Goodyear Tire&Rubber Co. (The)" Aug 20, 2001. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goodyear-Tire-Rubber-Co-The-206509>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Goodyear Tire&Rubber Co. (The) Aug 20, 2001. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goodyear-Tire-Rubber-Co-The-206509>
  
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