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 Dec 02, 2011
2199 words — Published Dec 02, 2011
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Abstract:

The ratings on Akron, Ohio-based The Goodyear Tire&Rubber Co. reflect Standard&Poor's Ratings Services' expectation that the company's credit measures will continue to show steady, but gradual, improvement into 2012. In its latest quarter, Goodyear made progress toward its goal of segment operating income of 5% in North America. Consequently, we expect leverage to fall to around 4x by the end of 2012. Nevertheless, we see cash flow use tracking outside our expectations in 2011. We now believe Goodyear will use at least $350 million in free cash flow in 2011, compared with our previous expectation of a $200 million use. Still, we believe prospects for cash flow generation are improving, supported by Goodyear's better North American

  
Brief Excerpt:

RESEARCH Summary: The Goodyear Tire & Rubber Co. Publication date: 02-Dec-2011 Primary Credit Analyst: Lawrence Orlowski, New York (1) 212-438-7800; lawrence_orlowski@standardandpoors.com Secondary Contact: Nancy C Messer, New York...

  
Report Type:

Summary

Ticker
Issuer
GICS
Tires & Rubber (25101020)
Sector
Global Issuers , Structured Finance
Country
Region
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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: The Goodyear Tire&Rubber Co." Dec 02, 2011. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Goodyear-Tire-Rubber-Co-918995>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: The Goodyear Tire&Rubber Co. Dec 02, 2011. 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-918995>
  
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