Eastman Kodak (EK -5.4%) dips after Moody's cut its credit rating late yesterday to Caa2, a...

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

Eastman Kodak (EK -5.4%) dips after Moody's cut its credit rating late yesterday to Caa2, a notch deeper into highly speculative territory. The action was taken after the company's surprised investors last week with an unexpectedly large draw on its credit facility due to dwindling cash flows.