Leading brand name and dominant global position in medical and dental film; Sizable 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 the film and printing business; Declining demand for high-margin photographic film and supplies; Significant exposure to raw material costs; and Pricing pressure on digital cameras and film. The ratings on Carestream Health Inc. (Carestream) reflect Standard&Poor's Ratings Services' expectation that the company is likely to maintain its operating margin of about 20%, despite the challenging long-term outlook for the analog medical imaging industry. We believe these margins and capital expenditures of 3 to
RESEARCH Carestream Health Inc. Publication date: 28-Feb-2011 Primary Credit Analyst: Sarah Wyeth, New York (1) 212-438-5658; sarah_wyeth@standardandpoors.com Secondary Contact: Carol Hom, New York (1) 212-438-1663; carol_hom@standardandpoors.com...
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Summary: Carestream Health Inc. – 2011/03/02 – US$ 225.00
Carestream Health Inc. – 2011/09/26 – US$ 500.00
Summary: Carestream Health Inc. – 2011/09/26 – US$ 225.00
Summary: Carestream Health Inc. – 2011/10/19 – US$ 225.00
Summary: Carestream Health Inc. – 2012/04/26 – US$ 225.00
Carestream Health Inc. Senior Secured Credit Facility Assigned 'BB-' Rating – 2011/02/16 – US$ 150.00
Research Update: Carestream Health Inc. Senior Secured Credit Facility Assigned 'BB-' Rating – 2011/02/16 – US$ 225.00
Summary: Carestream Health Inc. – 2010/09/29 – US$ 225.00
Carestream Health Inc. – 2010/03/25 – US$ 500.00
Summary: Carestream Health Inc. – 2010/03/25 – US$ 225.00
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