S&P Puts Bridgestone on CreditWatch Negative

Ford's massive recall could have a negative impact on the tire maker's market position in North America -- and its financial profile

On May 22, Standard & Poor's placed its ratings on Bridgestone Corp. and its subsidiary, Bridgestone/Firestone Inc. on CreditWatch with negative implications. Bridgestone Corp.'s corporate credit rating currently stands at 'BBB+', while its short-term corporate credit and commercial paper each carry a rating of 'A-2.' The Bridgestone/Firestone unit's commercial paper (guaranteed by Bridgestone Corp.) also carries an 'A-2' rating.

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