Eastman Kodak Bank Facility Assigned 'BB' Rating, Recovery '2'; Ratings Stay On Watch Negative

Standard & 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.

Source: Stand and Poor's


Posted: Sat - September 17, 2005 at 09:09 AM