Thursday, May 10, 2007

UPDATE 1-Moody's raises Goodyear, S&P may raise

(Reuters) - Goodyear said on Wednesday it plans to raise up to $834 million in net proceeds through a public stock offering to complete debt buybacks and to fund growth in its tire business. For details, see [ID:nN09299411]

The announcement "marks important further progress in the company's plans to strengthen its balance sheet," Moody's said in a statement.


Read more at Reuters.com Bonds News

No comments: