TEXT-S&P ups Bridgestone to "BBB+/A-2"

Newswire

(The following statement was released by the rating agency) TOKYO, May 26 - Standard & Poor's Ratings Services today raised its long-term issuer rating on Bridgestone Corp to 'BBB+' from 'BBB' and short-term issuer rating to 'A-2' from 'A-3', reflecting the company's steady recovery from the negative impact of Firestone tire recalls and a fire at its Tochigi plant in 2003. The upgrade also reflects expectations for a continued sound operating and financial performance. The outlook on ...

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