NEW YORK (Standard&Poor's) Feb. 22, 2012--Standard&Poor's Rating Services said today that it assigned ratings to U.S.-based Eastman Kodak Co. (Kodak)'s $950 million debtor-in-possession (DIP) credit facility, comprising a $250 million revolving credit facility and a $700 million term loan due July 2013. We rate the revolver 'B+' and the term loan 'B-'. The company's corporate credit rating remains 'D'. Kodak filed a voluntary petition under Chapter 11 of the Bankruptcy Code on Jan. 19, 2012. (Watch the related CreditMatters TV segment titled, "Eastman Kodak: What?s Behind Standard&Poor?s DIP Credit Facility Ratings," dated Mar. 6, 2012.) The higher rating on the DIP revolver reflects its senior repayment position and borrowing base restrictions with regard to
