• SELECT SITE CURRENCY
Select a currency for use throughout the site
Outlook on Alcatel Revised to Stable Following Second-Quarter Results; Ratings Affirmed Aug 03
Standard & Poors, August 2003
LONDON (Standard & Poor's) Aug. 11, 2003--Standard & Poor's Ratings Services said today it revised its outlook on France-based telecommunications equipment maker Alcatel to stable from negative following publication by the company of its second-quarter results. At the same time, Standard & Poor's affirmed its 'B+/B' corporate credit ratings and its 'B+' senior unsecured debt ratings on Alcatel. "Alcatel's ongoing restructuring program is mitigating the severe market contraction affecting the global telecoms equipment industry and offsets any short-term liquidity risk," said Standard & Poor's credit analyst Leandro de Torres Zabala. At June 30, 2003, Alcatel had gross debt of -6.52 billion, including bond obligations of -6.04 billion. In the face of continuing challenging market conditions, Alcatel has managed to reduce...
Companies mentioned in this report are: Alcatel-Lucent
Action: Outlook Revised
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.