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Cooper Tire & Rubber Company -- Moody's downgrades Cooper Tire's Speculative Liquidity Rating to SGL-3, outlook remains stable

Moody's Investors Service ("Moody's") downgraded Cooper Tire & Rubber Company's ("Cooper Tire") Speculative Grade Liquidity Rating to SGL-3 from SGL-2. In a related action, Moody's affirmed Cooper Tire's Corporate Family and Probability of Default ratings at Ba3 and Ba3-PD, and the ratings on the senior unsecured notes at B1.