NEW YORK (Standard&Poor's) Aug. 15, 2005--Standard&Poor's Ratings Services said today that it lowered its senior unsecured debt rating on Eastman Kodak Co. to 'BB-' from 'BB', based on the company's plan to add $2.7 billion in secured credit facilities to its capital structure. All of Standard&Poor's credit ratings on Kodak, including its 'BB' corporate credit rating, remain on CreditWatch, where they were placed with negative implications on July 21, 2005, as a result of concern about the company's limited liquidity. "The ratings remain on CreditWatch because it is not clear how significantly the proposed facilities will improve the company's liquidity," said Standard&Poor's credit analyst Steve Wilkinson. The terms of the $2.7 billion
