Cooper Tire & Rubber's Q3 results will not affect rating, outlook on co - S&P

MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said Cooper Tire & Rubber Co's 'B+' rating and stable outlook will not be affected by its third-quarter results. Cooper's net sales were up 11 pct on-year during the quarter, and operating profit in the US was 28 mln usd versus a loss in the third quarter of 2006. Standard & Poor's expects sales in the fourth quarter to be flat sequentially but expects raw material costs to rise, however, and continue to put pressure on margins. ran COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved.

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