|
|
 |
|
Viewing report
|
|
|
|
Recovery Report: Alcatel-Lucent Recovery Rating Profile Jun 10
Standard & Poors, June 2010
Abstract
We are updating our recovery analysis on France-based telecommunications equipment supplier Alcatel-Lucent. We believe the company would reorganize in the event of a default. Our hypothetical default scenario contemplates a default in 2013 and assumes that the group would voluntarily file for Chapter 11 protection in the U.S. and/or for the 'sauvegarde' (protection) procedure under French insolvency law. The recovery rating on all Alcatel-Lucent's rated debt issues is '4', indicating our expectation of average (30%-50%) recovery prospects in the event of a payment default. We base our analysis on the assumption that the creditors of France-based telecommunications equipment supplier Alcatel-Lucent (B/Negative/B) and Alcatel-Lucent USA Inc. (B/Negative/--; formerly Lucent Technologies Inc., a subsidiary of Alcatel-Lucent) would rely on the value of...
Companies mentioned in this report are: Alcatel-Lucent,Alcatel-Lucent USA Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
