US CREDIT-Bonds already factored in Goodyear's good news

Newswire

By Karen Brettell NEW YORK, April 27 (Reuters) - Goodyear Tire & Rubber Co. is likely to be upgraded as the company generates higher cost savings and turns around its business, but analysts say future ratings improvement is already priced into its debt. The tire maker on Friday posted a quarterly net loss pressured by several one-time charges, and increased the annualized cost savings target range to $1.8 billion to $2 billion, from the prior target of $1 billion plus per year. For ...

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