NEW YORK (Standard&Poor's) Aug. 2, 2006--Standard&Poor's Ratings Services said today that it placed its ratings on Eastman Kodak Co. (B+/Watch Neg/--) on CreditWatch with negative implications. The Rochester, N.Y.-based imaging company had $3.5 billion in debt as of June 30, 2006. "We are concerned that currently weak profitability and a slower-than-anticipated revenue growth in the company's emerging digital business will not offset the rapid decline in its traditional business," said Standard&Poor's credit analyst Tulip Lim. Kodak has announced that it anticipates digital revenue growth for full-year 2006 slowing to 10%, compared with its previous expectation of 16%-22%. Digital revenue increased only 6% in the second quarter of 2006. In its traditional business, the company
