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Alcatel 'A-3' Short-Term Ratings Placed on Watch Neg After Adverse Trading Update Jun 02
Standard & Poors, June 2002
Abstract
LONDON (Standard & Poor's) June 26, 2002--Following an adverse trading update by France-based telecommunications equipment provider Alcatel on June 26, 2002, Standard & Poor's said today it placed its 'A-3' short-term corporate credit ratings on Alcatel on CreditWatch with negative implications. At the same time, the 'A-3' commercial paper ratings on Alcatel and guaranteed subsidiaries Alcatel Finance Australia Ltd. and Alcatel Canada Finance Inc. were also placed on CreditWatch with negative implications. The triple-'B' long-term corporate credit and senior unsecured debt ratings on Alcatel remain on CreditWatch with negative implications, where they were placed on April 30, 2002, following the release of the group's first-quarter results. 'The CreditWatch placement of Alcatel's short-term ratings reflects increasing downward pressure on the group's...
Companies mentioned in this report are: Alcatel-Lucent,Alcatel Canada Finance Inc.
Action: On CreditWatch:Negative
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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