TEXT-Fitch rates Goodyear proposed botes 'B/RR5'

Feb 23 - Fitch Ratings has assigned a rating of 'B/RR5' to The Goodyear Tire & Rubber Company's (GT) proposed issuance of $700 million of new senior unsecured notes due 2022. GT's issuer default rating (IDR) is 'B+' and the Rating Outlook is 'Stable'. The Recovery Rating of 'RR5' on the proposed notes reflects estimated recovery prospects in the 10% to 30% range in a distressed scenario. The proposed notes rank pari passu with GT's existing senior unsecured notes and are guaranteed on a senio