Fitch Ratings follows up on Moody's downgrade of Eastman Kodak's (EK -12.6%) credit rating with...

|About: Eastman Kodak Co. (KODK)|By:, SA News Editor

Fitch Ratings follows up on Moody's downgrade of Eastman Kodak's (EK -12.6%) credit rating with its own cut to CC - a level signifying "default of some kind appears probable." It's been a horrendous week for shares - down 38% in three days - kickstarted when the firm drew $160M from a credit line. EK once a Dow 30 stock, now trades for the price of a black coffee from SBUX.