TEXT-S&P: Goodyear Tire ratings unaffected by Q2 results

Newswire

July 31 - Standard & Poor's Ratings Services said today that second-quarter 2012 results for Akron, Ohio-based The Goodyear Tire & Rubber Co. (BB-/Stable/--) were overall consistent with the rating. Cash use continued, partly because of higher working capital and capital investments, but use was lower than in 2011. We estimate that the company used about $941 million in free operating cash flow (FOCF) for the first six months of 2012 versus a use of about $1.2 billion for the first six ...

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