Eastman Kodak Bank Facility Assigned 'BB' Rating, Recovery '2'; Ratings Stay On Watch NegativeStandard & Poor's Ratings
Services said today that it assigned its 'BB' rating to Eastman Kodak Co.'s (BB/Watch Neg/--) proposed $2.7 billion senior secured bank facility and placed this rating on CreditWatch with negative implications. At the same time, Standard & Poor's assigned a recovery rating of '2' to this facility, indicating the expectation of a substantial recovery of principal (80%-100%) in a payment default scenario. Posted: Sat - September 17, 2005 at 09:09 AM WIR NewsStream by Piranha Daily News The Stream Previous Next |
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Total entries in this blog: 1561
Total entries in this category: 1561 Published On: Sep 17, 2005 09:11 AM |