S&P ups Goodyear view to stable

Standard & Poor's said it revised the outlook on the Goodyear Tire & Rubber Co. to stable from negative and affirmed all of its ratings on the company, including the BB- corporate credit rating.

The outlook revision is based on an expectations that Goodyear's credit measures will continue to show steady improvement during 2011, S&P said.

Consumer and commercial tire demand around the world has boosted Goodyear's sales and profits in 2010, the agency said.

The company has been able to raise tire prices and more than offset volatile raw material prices, S&P said.

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