Report
EUR 168.91 For Business Accounts Only

Moody's withdraws Cooper Tire's ratings after being acquired by Goodyear Tire

Rating Action: Moody's withdraws Cooper Tire's ratings after being acquired by Goodyear Tire. Global Credit Research- 24 Jun 2021. New York, June 24, 2021-- Moody's Investors Service has withdrawn all ratings of Cooper Tire& Rubber Company following The Goodyear Tire& Rubber Company's acquisition of Cooper Tire.
Underlyings
Cooper Tire & Rubber Company

Cooper Tire & Rubber is a manufacturer and marketer of replacement tires. In its Americas Tire Operations segment, the company manufactures and markets passenger car and light truck tires, mainly for sale in the United States replacement market, and also supplies passenger car tires to the Mexican, North American, Central American and South American markets. In its International Tire Operations segment, the company's United Kingdom entity manufactures and markets motorcycle and racing tires and tire retread material for domestic and global markets, and its Serbian entity manufactures passenger car and light truck tires mainly for the European markets and for export to the North American segment.

Goodyear Tire & Rubber Company

Goodyear Tire & Rubber develops, manufactures, distributes and sells tires and related products and services worldwide. The company manufactures and markets various lines of rubber tires for: automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications. The company manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned house brands, and the private-label brands of certain customers. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, Middle East and Africa; and Asia Pacific.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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