TEXT-S&P revises Cooper Tire & Rubber Co outlook

Newswire

(The following statement was released by the rating agency) -- Although we believe that the rise in gas prices and fragile consumer confidence could contribute to softening tire demand in the near term in North America, we expect tire unit sales to grow more in line with historical trends over the next year in this region. -- The 'BB-' corporate credit rating on Findlay, Ohio-based tire manufacturer Cooper Tire & Rubber Co. is affirmed. -- We are revising our outlook to positive ...

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