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Bulletin: Cooper Tire & Rubber Co.'s Rating Not Immediately Affected By Lockout Of USW Workers At Findlay Plant Dec 11 Product Image

Bulletin: Cooper Tire & Rubber Co.'s Rating Not Immediately Affected By Lockout Of USW Workers At Findlay Plant Dec 11

  • ID: 2029962
  • December 2011
  • Standard & Poors

FEATURED COMPANIES

  • Cooper Tire & Rubber Co.
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Abstract
NEW YORK (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services said today that its ratings on Cooper Tire & Rubber Co. (BB-/Positive/--) are not immediately affected by the company's actions to lock out 1,051 members of United Steel Workers (USW) Local 207L on Nov. 29, 2011 at its Findlay, Ohio tire plant. The labor contract has expired at this major plant. If the lockout were to persist and we came to believe that production, sales, and cash flow might be meaningfully affected, we could review our outlook or rating on the company. (For further details on the company, see the summary analysis on Cooper, published July 26, 2011 on RatingsDirect.)...

Companies mentioned in this report are: Cooper Tire & Rubber Co.
Action: Bulletin

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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