CHICAGO (Aug. 7)—Fitch has lowered the senior unsecured debt rating of Goodyear from "BBB+" to "BBB" and commercial paper rating from "F2" to "F3." The rating outlook is changed from stable to negative. The rating change reflects weaker operating cash flows, additional planned production cuts and current debt levels which are not expected to fall in the near term, according to Fitch.
Fitch lowers Goodyear's ratings
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