NEW YORK (Standard&Poor's) June 15, 2005--Standard&Poor's Ratings Services said today that its rating on Eastman Kodak Co. (BB+/Negative/--) is not currently affected by the closing today on the company's Creo Inc. acquisition. Kodak is initially funding the $954 million purchase of the graphics communications company with its undrawn bank revolving lines of credit, and it plans to refinance a portion of the cost at a later date. Cash balances, which totaled $1 billion on March 31, 2005, are expected to remain significant. Kodak's bank facilities consist of a $1.225 billion five-year facility that matures in July 2006, and a $1 billion 364-day facility that matures in July 2005 and has a one-year term-out option. The company
