Printer Friendly

DUFF & PHELPS ASSESSES KODAK'S ANNOUNCEMENT

 Chicago, Aug. 6 /PRNewswire/ -- Duff & Phelps will continue to monitor the credit quality of Eastman Kodak (NYSE: EK) in light of today's announcement by the company to replace Chairman and CEO, Kay Whitmore.
 With a new chairman and CEO we expect the pace of change at Kodak to accelerate. With increased emphasis on cost cutting and likely additional divestitures, we would anticipate gradually improving credit quality. The extent and timing of any improvement will depend on the actions taken by the board and the new chairman.
 The current rating on Eastman Kodak's notes is 'A-' (single A minus) and its commercial paper is Duff 1.
 -0- 8/6/93
 /CONTACT: Albert Turner, CFA of Duff & Phelps, 312-630-4656/
 (EK)


CO: Eastman Kodak ST: New York IN: SU: RTG

TM -- NY053 -- 0413 08/06/93 16:26 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 6, 1993
Words:136
Previous Article:ABITIBI-PRICE WILL REDUCE NEWSPRINT PRODUCTION BY 140,000 TONS
Next Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters