Home Credit Ratings and Research S&P Global Ratings’ Credit Research Eastman Kodak Co.

Eastman Kodak's Proposed Debt Issues Rated 'BBB-'; Other Ratings Affirmed, Outlook Stable

Published Oct 07, 2003

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Abstract:

NEW YORK (Standard&Poor's) Oct. 7, 2003--Standard&Poor's Ratings Services said today it affirmed its 'BBB-' long-term and 'A-3' short-term ratings on Eastman Kodak Co. At the same time, Standard&Poor's assigned its 'BBB-' rating to Kodak's proposed Rule 144A $500 million in convertible senior unsecured notes due 2033 and its proposed shelf drawdown of $500 million in senior unsecured notes due 2013. The current outlook is stable. The Rochester, N.Y.-based photography firm had $2.99 billion in debt on June 30, 2003. The use of the proceeds and the size of the transactions, including the potential to increase the convertible offering by $75 million, are consistent with Standard&Poor's expectations. Borrowings will be used to reduce

Report Type:

Ratings Action

Ticker

Issuer

Eastman Kodak Co.

GICS

Photographic Products (25202020)

Sector

Corporations, Global Issuers, High Technology

Country

United States

Region

United States

Format:

HTML

BULLETIN: Shareholder Pressure on Eastman Kodak Causes Concern, but Does Not Affect Rating – 2003/10/21 – Free

BULLETIN: Eastman Kodak Co.'s EBITDA Decline In Line With Expectations; Outlook Unchanged – 2003/10/22 – Free

Eastman Kodak Outlook Revised to Negative on Acquisition Pace Concern, 'BBB-' Rating Affirmed – 2003/11/26 – US$ 150.00

Research Update: Eastman Kodak Co. – 2003/11/26 – US$ 225.00

Eastman Kodak Co. – 2003/12/29 – US$ 500.00

Research Update: Eastman Kodak Co. – 2003/10/07 – US$ 225.00

Eastman Kodak Co. Ratings Cut to 'BBB-' on Business, Profit Concerns; Outlook Stable – 2003/09/25 – US$ 150.00

Research Update: Eastman Kodak Co. – 2003/09/25 – US$ 225.00

Eastman Kodak Co. Credit Rating Lowered to 'BBB'; Still on Watch Negative on Cash Acquisition – 2003/07/21 – US$ 150.00

Research Update: Eastman Kodak Co. – 2003/07/21 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Eastman Kodak's Proposed Debt Issues Rated 'BBB-'; Other Ratings Affirmed, Outlook Stable" Oct 07, 2003. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Eastman-Kodak-s-Proposed-Debt-Issues-Rated-BBB-Other-Ratings-Affirmed-Outlook-Stable-337673>

APA:	S&P Global Ratings’ Credit Research. (). Eastman Kodak's Proposed Debt Issues Rated 'BBB-'; Other Ratings Affirmed, Outlook Stable Oct 07, 2003. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Eastman-Kodak-s-Proposed-Debt-Issues-Rated-BBB-Other-Ratings-Affirmed-Outlook-Stable-337673>

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