Eastman Kodak Co., a North American provider of commercial imaging solutions, has announced that it expects to emerge from Chapter 11 bankruptcy proceedings in September 2013. We are assigning the company our preliminary 'B-' corporate credit rating. In addition, we are assigning the proposed $420 million first-lien term loan a preliminary 'B-' issue-level rating, and assigning the proposed $275 million second-lien term loan a preliminary 'CCC' issue-level rating. The stable outlook incorporates our expectation that Kodak's liquidity upon emergence will provide a cushion against potential volatility in operating performance. NEW YORK (Standard&Poor's) Aug. 23, 2013--Standard&Poor's Ratings Services today assigned Rochester, NY-based Eastman Kodak Co. a 'B-' preliminary corporate credit rating. The outlook is stable. At the
