NEW YORK (Standard&Poor's) Oct. 22, 2003--Standard&Poor's Ratings Services said that Eastman Kodak Co.'s (BBB-/Stable/A-3) net income decline of 64% in third quarter would not affect the company's ratings or outlook. This decrease was largely due to previously announced restructuring actions. EBITDA, adjusted for restructuring, impairment, and other charges, fell about 24%, which is within the parameters that Standard&Poor's established to maintain a stable outlook. Still, the decline reflects pressure on revenue and gross profit due to lower sales of conventional photography products and services, and it is important that declines in film unit sales remain consistent with Kodak's expectations of 6%-8% per year. In addition, it is important for Kodak to restrict the decrease
