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


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.

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  • superlooper
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    Default/smeeefault! Watch what happens now! EK will be bought in a back rooms "after six" deal that will spin heads! The sealed envelopes are open..and talks have begun!
    29 Sep 2011, 01:47 PM Reply Like
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