Our 'B' corporate credit rating on Carestream Health Inc. is derived from: Our anchor of 'b', based on our "fair" business risk and "highly leveraged" financial risk profile assessments for the company. Modifiers had no impact on the rating. The inherent risk of a market that is transitioning from analog to digital Significant exposure to silver costs Good market position in medical and dental film Very aggressive financial policy, characterized by a sizable debt burden Consistently good free cash flow generation The outlook is stable. We expect that high-teen EBITDA margins and disciplined capital spending will enable Carestream to continue generating good free operating cash flow in excess of $150 million. We believe that the company will gradually reduce debt,
