TEXT-S&P raises Cooper Tire & Rubber Co

Newswire

(The following statement was released by the rating agency) -- Cooper's credit measures have improved significantly and support a higher rating, thanks to greater manufacturing efficiencies and tighter cost controls. -- We are raising our ratings on Cooper to 'BB-' from 'B', and removing the ratings from CreditWatch. -- The outlook is stable. -- We expect tire demand will continue to show signs of recovery in North America in 2010. June 28 - Standard & Poor's Ratings Services ...

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