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Alcatel Cut To 'BB-' & Lucent Raised To 'BB-' On Merger Approval; Outlooks Positive; Off Watch Dec 06
Standard & Poors, Dec 2006
Abstract
MADRID (Standard & Poor's) Dec. 5, 2006--Standard & Poor's said today that, following news that the merger between French telecoms equipment supplier Alcatel and U.S. peer Lucent Technologies Inc. has received final approval from the U.S. Committee on Foreign Investments, it has lowered its long-term corporate credit and senior unsecured debt ratings on Alcatel--now named Alcatel Lucent--to 'BB-' from 'BB', in line with its preliminary indication in its Nov. 7, 2006, research update. The 'B' short-term corporate credit rating on Alcatel Lucent was affirmed. The outlook is positive. At the same time, Standard & Poor's equalized its long-term corporate credit rating on Lucent with that of Alcatel Lucent, raising it to 'BB-' from 'B', and affirmed its 'B-1' short-term corporate...
Companies mentioned in this report are: Alcatel-Lucent,Alcatel-Lucent USA Inc.
Action: Affirmed
Action: Downgraded
Action: Outlook: Positive
Action: On CreditWatch:Positive
Action: Removed From CreditWatch
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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