The ratings on Carestream Health Inc. reflect the firm's highly leveraged capital structure and business position as a manufacturer of both traditional film and digital imaging products in the rapidly changing and challenging diagnostic imaging industry. Rochester, N.Y.-based Carestream manufactures and sells products such as analog film, laser imagers, digital print film, computed and digital radiography systems, digital dental imaging systems, dental practice management software, advanced picture-archiving and communications systems, and health care information systems for medical and dental applications. Carestream is highly exposed to the transitioning diagnostic imaging industry. Technological advancement, adoption of digital applications, and reduced reliance on printed film have contributed to a decline in demand for the company's traditional film products, although this decline has been
