U.S.-based medical and dental imaging systems provider Carestream Health Inc. has completed a dividend recapitalization loan that refinances its existing debt and pays a $725 million dividend to the equity sponsor. We are lowering our corporate credit rating on Carestream to 'B' and removing the rating from CreditWatch with negative implications. The outlook is stable, reflecting our expectation that credit measures will gradually improve in the next 12 to 18 months through a combination of profit expansion and debt reduction, but that leverage will likely remain above 5x over that period. NEW YORK (Standard&Poor's) June 10, 2013--Standard&Poor's Ratings Services today lowered its corporate credit rating on Carestream Health Inc. to 'B' from 'B+'. We also removed
