I Had An MRI Done On My Spine And The

i had an MRI done on my spine and the results said " Degenerative spondylosis is present. There is annular disc bulging with some endplate spur formation present. This produces partial, almost complete effacement of the subarachniod space anterior to he cord and reduces the spinal canal clearance to 9.3 mm in the AP dimension. There is bilateral foraminal stenosis present.

what does this mean..Sounds bad.