Competitive positions in retail printing and commercial printing plates. Rapid deterioration of its traditional imaging business; Brisk declines in its digital camera business; Unproven long-term profit potential of its consumer digital imaging businesses; Vulnerability to economic cyclicality; Significant discretionary cash flow deficits; and High leverage The 'CCC' corporate credit rating reflects Standard&Poor's Ratings Services' expectation that Eastman Kodak's pace of cash consumption will remain high over the near term. It also reflects our expectation of continued secular volume decline of the traditional photographic products and services business; that the company's consumer digital imaging businesses will not quickly turn convincingly profitable; and that intellectual property earnings, which constitute a significant portion of the company's EBITDA, could decline significantly from
