ERJ staff report (DS)
New York -- Moody's Investors Service assigned a Ba1 rating to The Goodyear Tire & Rubber Company's
("Goodyear") new $1.2 billion senior secured term loan.
The new senior secured term loan along with a new unrated $2 billion
senior secured revolving credit facility will be used to replace Goodyear's existing revolving credit and term loan facilities and
extend the capital structure maturity profile.
In a related action Moody's affirmed Goodyear's Corporate Family Rating at Ba3
and other ratings as detailed in the press release (below). The rating outlook remains stable.
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Press release from Moody's