TEXT: S&P Affirms Then Withdraws Ratings On GITI Tire


(The following was released by the rating agency) SINGAPORE (Standard & Poor's) Nov. 1, 2011--Standard & Poor's Ratings Services said today that it had affirmed its 'B-' long-term corporate credit rating on China-based tire manufacturer GITI Tire Pte. Ltd. We then withdrew the rating at the company's request. We also affirmed and then withdrew the 'cnB-' Greater China credit scale rating on GITI. At the time of the withdrawal, the outlook on the GITI rating was negative to ...

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