USA: Fitch Assigns `A-` Rating To Goodyear Euro Notes
Fitch has assigned an 'A-` debt rating to the 400 million Euro of 6.375 percent notes due 2005 issued today by The Goodyear Tire & Rubber Company (NYSE:GT ). The Rating Outlook is Stable. The rating reflects confidence that operating performance, particularly in North American Tire operations, will continue to improve moderately in subsequent quarters upon the sharp recovery seen in the first quarter of 2000. Foremost, Goodyear has completed actions to correct the production capacity constraints and logistics problems that led to its poor 1999 performance in the North American replacement tire market.
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