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Prospect News home > News index > List of issuers C > Headlines for Cooper Tire & Rubber Co. > News item
Published on 6/28/2013 in the Prospect News High Yield Daily.

S&P might cut Cooper Tire

Standard & Poor's said it placed its BB- corporate credit rating and BB- senior unsecured issue-level ratings on Cooper Tire & Rubber Co. on CreditWatch with negative implications.

"The CreditWatch negative means that we could lower the ratings following our review," S&P credit analyst Lawrence Orlowski said in a news release.

Ultimately, the agency said it expects to withdraw the corporate credit rating on Cooper Tire when the transaction closes.


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