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Alcatel Ratings Raised to 'BB-' Following Improved Fourth-Quarter 2003 Results; Outlook Stable Mar 04
Standard & Poors, March 2004
Abstract
LONDON (Standard & Poor's) March 10, 2004--Standard & Poor's Ratings Services said today it raised its long-term corporate credit and senior unsecured debt ratings on France-based telecommunications equipment supplier Alcatel to 'BB-' from 'B+' following release by the company of its fourth-quarter and year-end 2003 results. The outlook is stable. The rating actions follow a review by Standard & Poor's of the global telecommunications equipment industry. At the same time, Standard & Poor's affirmed its 'B' short-term corporate credit rating on the company. At Dec. 31, 2003, Alcatel had gross debt outstanding of -5.3 billion ($6.5 billion), which included -4.8 billion worth of notes outstanding. 'The upgrade reflects Alcatel's improving operating and financial performance on the back of healthier market...
Companies mentioned in this report are: Alcatel-Lucent
Action: Outlook: Stable
Action: Upgraded
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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