E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers G > Headlines for Goodyear Tire & Rubber Co. > News item
Published on 5/13/2020 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch rates Goodyear notes BB-/RR4

Fitch Ratings said it assigned a rating of BB-/RR4 to the Goodyear Tire & Rubber Co.’s proposed issuance of $600 million of senior unsecured notes due 2025.

Proceeds will be used for general corporate purposes, including potentially repaying or redeeming the 8¾% notes due Aug. 15 at or before maturity and temporarily repaying outstanding balances under the company’s revolvers.

Fitch rates Goodyear BB- with a negative outlook.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.