Goodyear outlook now positive, was stable - S&P

Newswire

NEW YORK, March 26 (Reuters) - Standard & Poor's on Monday changed its outlook on Goodyear Tire & Rubber Co. to positive from stable, citing the company's announcement that it will use some proceeds of an asset sale to pay down debt. Goodyear said late on Friday it plans to sell its engineered products unit to private equity firm Carlyle Group for $1.475 billion, and will use the proceeds from the sale to reduce debt and address benefit costs. For details, see [ID:nN23311981]. ...

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