...+ Carestream Health Inc. faces significant debt maturities, with $770 million of debt maturing in June 2019 and another $372 million in December 2019. + Carestream's liquidity position has weakened given its near-term refinancing risk, and could worsen if the company's operating performance deteriorates or its access to capital markets is reduced. + We currently view the company's debt leverage and capital structure as sustainable, and its financial performance as favorable, which, in our view, should support refinancing. + We are placing our issuer and issue-level credit ratings on Carestream Health Inc. on CreditWatch with negative implications. + We expect to resolve the CreditWatch within the next few months. If the company does not address its upcoming maturities, we would expect to lower our corporate credit rating to 'B-' from 'B', our rating on the company's first-lien secured debt (issued by Onex Carestream Finance LP) to 'B-' from 'B', and our ratings on the company's second-lien...
