Fitch affirms Goodyear Tire & Rubber ratings

ERJ staff report (BC)

New York – Fitch Ratings has affirmed its ‘B+’ issuer default rating (IDR) and the various issue ratings of The Goodyear Tire & Rubber Company (GT) and its Goodyear Dunlop Tires Europe B.V. (GDTE) subsidiary reports Reuters.

GT’s ratings apply to a $2 billion secured revolving credit facility, a $1.2 billion second lien secured term loan and $2.1 billion of senior unsecured notes. GDTE’s ratings apply to a Eur400 million secured revolving credit facility and Eur250 million of senior unsecured notes.

Fitch’s rating outlooks…

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