Moody's assigns Ba1 rating to Goodyear debt

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.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Moody's