We have received final documentation on North American provider of commercial imaging solutions Eastman Kodak Co.'s $420 million first-lien credit facility and its $275 million second-lien credit facility, used to fund part of the company's emergence from Chapter 11 bankruptcy protection. We are assigning a 'B-' corporate credit rating to Eastman Kodak. At the same time, we are assigning a 'B-' issue rating to the $420 million first-lien term loan, with a recovery rating of '3', and a 'CCC' issue rating to the $275 million second-lien term loan, with a recovery rating of '6'. The stable outlook incorporates our expectation that Kodak's significant cash balances will provide a cushion against potential volatility in operating performance. NEW YORK (Standard&Poor's)
