Fitch downgrades some Goodyear debt ratings
Three days before the tyremaker reported three-digit loss-making third-quarter 2026 results, Fitch Ratings has downgraded Long-Term Issuer Default Ratings (IDRs) for The Goodyear Tire & Rubber Company (Goodyear) and its subsidiary, Goodyear Europe B.V. (Goodyear Europe), to ‘B+’ from ‘BB-‘. Fitch has also downgraded Goodyear’s senior unsecured notes to ‘B+’ with a Recovery Rating of ‘RR4’ from ‘BB-‘/’RR4’.