TEXT-S&P: global tire makers weathered drop in demand

Newswire

(The following statement was released by the rating agency) June 23 - The worldwide economic downturn of the past two years hit the mature economies of the U.S. and Europe more severely than the faster-growing, developing economies of China, India, and Brazil. But, according to a report published today on RatingsDirect, Standard & Poor's Ratings Services believes there are signs that the U.S. and European economies have hit bottom and are beginning to recover. And to survive the ...

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