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Article: Fitch Lwrs Eastman Kodak's Sr Notes To 'A'; Rtg Outlook Neg.
- Article from:
- Business Wire
- Article date:
- September 20, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Sept. 20, 2001
Fitch--The ratings on The Eastman Kodak Company's senior notes are lowered from 'A+' to 'A' by Fitch. The 'F1' rating on the company's commercial paper program is affirmed. The Rating Outlook is Negative.
The downgrade reflects the impact of the lagging U.S. economy on all of Eastman Kodak's business as well as difficulties in the company's Health Imaging business. As a result, revenues and operating earnings will be weaker and debt will remain higher than previously anticipated. In addition, the events of Sept. 11 and the resultant impact on consumer spending and vacation travel may ...
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