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Prospect News home > News index > List of issuers G > Headlines for Goodyear Europe BV > News item
Published on 9/20/2021 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch gives Goodyear notes BB-

Fitch Ratings said it assigned BB-/RR4 ratings to Goodyear Europe BV's planned €300 million of senior unsecured notes.

The Goodyear Tire & Rubber Co. along with its wholly owned U.S. and Canadian subsidiaries that guarantee Goodyear's secured revolver, second-lien term loan and senior unsecured notes, will also guarantee Goodyear Europe's notes.

Fitch ratings’ for Goodyear and Goodyear Europe are BB-.

Goodyear Europe plans to use the proceeds to redeem its €250 million of 3¾% senior unsecured notes due 2023, with remaining proceeds used for general corporate purposes.

The outlook is stable.


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