S&P takes Carestream Health off watch

S&P said it affirmed and removed Carestream Health Inc.’s B- rating off of CreditWatch with negative implications, where it was placed on Feb. 18.

“Carestream’s refinancing provides the company the liquidity to continue its cost-restructuring plan. The company recently amended its credit agreements, extending the maturities on both its first-lien and second-lien debt by two years to 2023. The transaction provides the company with additional time to complete its cost-restructuring plan,” S&P said in a press release.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.