Outlook on Alcatel Revised to Stable Following Second-Quarter Results; Ratings Affirmed Aug 03

Standard & Poors, August 2003

Abstract
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

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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.

Alcatel-Lucent

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