(Editor's note: In the CreditWire version of this article, published earlier today, the rating in the headline was misstated; a corrected version appears here.) On Aug. 15, 2005, Standard&Poor's Ratings Services 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
