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Alcatel-Lucent Outlook Revised To Stable On Likely Improving Free Cash Flow; Ratings Affirmed Apr 11
Standard & Poors, April 2011
Abstract
We expect French telecom equipment supplier Alcatel-Lucent to continue improving its revenue and margin trends in 2011. We are revising the outlook to stable and affirming the ratings, including the 'B' long-term corporate credit rating. The stable outlook reflects our expectation that Alcatel-Lucent is likely to substantially reduce its free cash flow losses in 2011, helped by improving industry demand and further cost-cutting. FRANKFURT (Standard & Poor's) April 12, 2011--Standard & Poor's Ratings Services said today it revised its outlook on French telecom equipment supplier Alcatel-Lucent to stable from negative. At the same time, we affirmed our 'B' long-term and 'B' short-term corporate credit ratings on the company. 'The outlook revision to stable primarily reflects our expectations that industry demand...
Companies mentioned in this report are: Alcatel-Lucent,Alcatel-Lucent USA Inc.
Action: Affirmed
Action: Outlook: Stable
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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