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Eastman Kodak Co. 'B+' Corporate Credit Rating Affirmed And Off Watch; Outlook Negative

Published Sep 11, 2007

540 words — Published Sep 11, 2007

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Abstract:

NEW YORK (Standard&Poor's) Sept. 11, 2007--Standard&Poor's Ratings Services said today it affirmed its 'B+' corporate credit rating on Eastman Kodak Co. (Kodak), and removed the ratings from CreditWatch, where they had been placed with negative implications on Aug. 2, 2006. The outlook is negative. At the same time, we raised the ratings on the company's $1 billion senior secured revolving credit facility to 'BB,' two notches above the corporate credit rating, from 'B+', and revised the recovery rating to '1,' reflecting the expectation of very high (90%-100%) recovery in the event of a payment default, from '2'. The bank loan and recovery rating revision follows an analysis of the collateral pledged to the remaining $1 billion

Brief Excerpt:

RESEARCH Eastman Kodak Co. 'B+' Corporate Credit Rating Affirmed And Off Watch; Outlook Negative Publication date: 11-Sep-2007 Primary Credit Analyst: Tulip Lim, New York (1) 212-438-4061; tulip_lim@standardandpoors.com NEW YORK (Standard...

Report Type:

Ratings Action

Ticker

Issuer

Eastman Kodak Co.

GICS

Photographic Products (25202020)

Sector

Corporations, Global Issuers, High Technology

Country

United States

Region

United States

Format:

HTML

Eastman Kodak Co. – 2007/09/12 – US$ 500.00

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Research Update: Eastman Kodak 'B+' Corporate Credit Rating Stays On Watch Negative, Pending Health Group Sale – 2007/01/10 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Eastman Kodak Co. 'B+' Corporate Credit Rating Affirmed And Off Watch; Outlook Negative" Sep 11, 2007. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Eastman-Kodak-Co-B-Corporate-Credit-Rating-Affirmed-And-Off-Watch-Outlook-Negative-601369>

APA:	S&P Global Ratings’ Credit Research. (). Eastman Kodak Co. 'B+' Corporate Credit Rating Affirmed And Off Watch; Outlook Negative Sep 11, 2007. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Eastman-Kodak-Co-B-Corporate-Credit-Rating-Affirmed-And-Off-Watch-Outlook-Negative-601369>

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