TEXT-S&P says Goodyear Q2 results on track for the rating

Newswire

(The following statement was released by the rating agency) July 31 - Standard & Poor's Ratings Services said today that, based on The Goodyear Tire & Rubber Co.'s reported results for the second quarter, we believe its results are on track to meet our expectations for the current rating (BB-/Positive/--). We assume Goodyear will use less than $350 million in cash in 2009. We estimate that free cash flow totaled about $181 million in the second quarter, helped in part by better ...

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