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Alcatel & Units Still on S&PWatch Negative Jun 97
Standard & Poors, June 1997
Abstract
LONDON -- Standard & Poor's CreditWire 6/3/97 -- Standard & Poor's maintains its senior unsecured, medium-term notes and commercial paper ratings of Alcatel Alsthom S.A. (Alcatel) and its guaranteed subsidiaries on CreditWatch with negative implications (see list below). The outcome of the French parliamentary elections held on June 1st, 1997, very much reduce the likelihood that the Thomson group would be partly or totally privatized short term. Alcatel had applied for the majority of Thomson-CSF's stock. Standard & Poor's considers that this possibility no longer impacts Alcatel's creditworthiness. With respect to financial performance, and in spite of the strong net debt reduction due to the broad disposals program begun in 1996, consolidated margins and cash flows remained in 1996 well...
Companies mentioned in this report are: Alcatel-Lucent
Action: CreditWatch Update
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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