Error: couldn't create initial Deployment for DeploymentConfig in Openshift v3

Issue

• Deployments fail with below error:

couldn't create initial Deployment for DeploymentConfig demo/cakephp-frontend:0: DeploymentConfig "cakephp-frontend" is invalid: triggers[0].imageChange.tag: invalid value 'latest': no image recorded for demo/cakephp-example:latest.

• Build fails with below error :

Error from server: imageStreamTag "php:5.5" not found

• Tag field for image streams are empty.

# oc get is -n openshift
NAME                                 DOCKER REPO                                                      TAGS      UPDATED
jboss-amq-6                          registry.access.redhat.com/jboss-amq-6/amq-openshift                       
jboss-eap6-openshift                 registry.access.redhat.com/jboss-eap-6/eap-openshift                       
jboss-webserver3-tomcat7-openshift   registry.access.redhat.com/jboss-webserver-3/tomcat7-openshift             
jboss-webserver3-tomcat8-openshift   registry.access.redhat.com/jboss-webserver-3/tomcat8-openshift             
mongodb                              registry.access.redhat.com/openshift3/mongodb-24-rhel7                     
mysql                                registry.access.redhat.com/openshift3/mysql-55-rhel7                       
nodejs                               registry.access.redhat.com/openshift3/nodejs-010-rhel7                     
perl                                 registry.access.redhat.com/openshift3/perl-516-rhel7                       
php                                  registry.access.redhat.com/openshift3/php-55-rhel7                         
postgresql                           registry.access.redhat.com/openshift3/postgresql-92-rhel7                  
python                               registry.access.redhat.com/openshift3/python-33-rhel7                      
ruby                                 registry.access.redhat.com/openshift3/ruby-20-rhel7