Moody’s downgrades Goodyear’s credit rating

Moody’s Investors Service downgraded the ratings of The Goodyear Tire & Rubber Company including the corporate family and probability of default ratings to Ba3 from Ba2, and Ba3-PD from Ba2-PD, respectively. In a related action, Moody’s downgraded Goodyear’s senior secured second-lien term loan, to Ba1 from Baa3; senior unsecured guaranteed notes to B1 from Ba3, senior unsecured […]

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