Leading brand name and dominant global position and in medical and dental film; Sizeable equity investment from financial sponsor, Onex Partners L.P.; and Low capital intensity, (capital expenditures to sales of about 2%). Shift in technology from analog to digital has significantly hampered growth prospects in film and printing business; Declining demand for high-margin photographic film and supplies; Significant exposure to rising raw material costs; and Pricing pressure on digital cameras and film. The ratings on Carestream Health Inc. reflect the firm's highly leveraged capital structure and business position, operating as a manufacturer of both traditional film and digital imaging products in the rapidly changing and challenging diagnostic imaging industry. Carestream manufactures and sells traditional film, digital x-ray imaging equipment,
