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Alcatel Short-Term Ratings Cut to 'A-3' After Weak Fourth Quarter Results; Outlook Negative Feb 02
Standard & Poors, Feb 2002
Abstract
LONDON (Standard & Poor's) Feb. 13, 2002--Following the release of fourth quarter and full year results for the financial year ended Dec. 31, 2001, by France-based telecommunications equipment provider Alcatel, Standard & Poor's today lowered its short-term corporate credit rating on Alcatel to 'A-3' from 'A-2'. At the same time the commercial paper ratings on Alcatel and guaranteed subsidiaries Alcatel Canada Finance Inc. and Alcatel Finance Australia Ltd. were also lowered to 'A-3' from 'A-2'. In addition, the triple-'B' long-term corporate credit and senior unsecured debt ratings on Alcatel were affirmed. The outlook is negative. The lowering of the short-term ratings on Alcatel reflects increasing downward pressure on the company's long-term ratings, resulting from a weaker-than-expected operational performance for the...
Companies mentioned in this report are: Alcatel-Lucent,Alcatel Canada Finance Inc.
Action: Downgraded
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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