Kodak Debt Placed on CreditWatch Negative

S&P cites the photographic-products giant's forecast of a significant shortfall in second-quarter operating income

On June 18, Standard & Poor's Ratings Services placed its 'BBB+' long-term and 'A-2' short-term ratings on photographic-products concern Eastman Kodak (EK ) on CreditWatch with negative implications. Kodak is headquartered in Rochester, N.Y., and had $2.7 billion in debt on March 31, 2003.

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