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