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

Summary: The Goodyear Tire&Rubber Co.

Summary: The Goodyear Tire&Rubber Co. - S&P Global Ratings’ Credit Research
Summary: The Goodyear Tire&Rubber Co.
Published May 21, 2013
1979 words — Published May 21, 2013
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Abstract:

One of the three largest tire manufacturers in the world Well-recognized brand name Good geographic diversity supported by strong distribution channels Decrease in global tire volumes High-fixed cost structure Substantial leverage that should decrease to align with rating expectations Weak but growing free cash flow generation High capital spending to expand production in emerging markets and modernize facilities Exposure to volatile commodity prices The rating outlook on The Goodyear Tire&Rubber Co. is stable. Although Standard&Poor's Ratings Services expects positive free cash flow and leverage at or below 4x for the current rating, the company's business risk profile to some degree offsets financial credit metrics that we view as currently worse than the rating. Nevertheless, we would

  
Brief Excerpt:

RESEARCH Summary: The Goodyear Tire & Rubber Co. Publication date: 21-May-2013 Primary Credit Analyst: Lawrence Orlowski, CFA, New York 212-438-7800; lawrence.orlowski@standardandpoors.com Secondary Contact: Nancy C Messer, CFA, New...

  
Report Type:

Summary

Ticker
GT
Issuer
The Goodyear Tire&Rubber Co.
GICS
Tires & Rubber (25101020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: The Goodyear Tire&Rubber Co." May 21, 2013. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Goodyear-Tire-Rubber-Co-1135129>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: The Goodyear Tire&Rubber Co. May 21, 2013. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Goodyear-Tire-Rubber-Co-1135129>
  
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