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Prospect News home > News index > List of issuers G > Headlines for Goodyear Dunlop Tires Europe BV > News item
Published on 12/8/2015 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P rates Goodyear notes BB

Standard & Poor’s said it assigned a BB rating and 3 recovery rating to Goodyear Dunlop Tires Europe BV’s proposed €250 million senior unsecured note issuance.

The 3 recovery rating indicates 50% to 70% expected default recovery.

The proceeds will be used to redeem the company’s existing €250 million 6¾% senior unsecured notes.

All of the other ratings on the Goodyear Tire & Rubber Co. are unchanged.


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