TEXT-S&P puts Cooper Tire on watch positive

Newswire

(The following statement was released by the rating agency) -- We believe Cooper Tire & Rubber Co.'s operating results could improve more quickly than we expected, thanks to greater manufacturing efficiencies and tighter cost controls. -- Even after dramatic declines in tire sales over the past two years, we believe Cooper will still face tepid demand in North America in 2010. -- We are placing our ratings on Cooper Tire on CreditWatch with positive implications. March 31 - ...

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