NEW YORK (Standard&Poor's) April 22, 2005-- Standard&Poor's Ratings Services said today that it lowered its corporate credit and senior unsecured debt ratings on Eastman Kodak Co. to 'BB+' from 'BBB-' and removed the ratings from CreditWatch, where they were placed on Oct. 21, 2004, with negative implications. The outlook is negative. The Rochester, N.Y.-based imaging company had $2.4 billion in debt as of March 31, 2004. "The rating actions reflect Standard&Poor's conclusion that Kodak's business profile no longer warrants an investment-grade rating, given the accelerated decline in its core consumer imaging business and the uncertain profit prospects of some of its emerging digital businesses," said Standard&Poor's credit analyst Steve Wilkinson. "The transition
