|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Alcatel Lucent's Ratings And Outlook Remain Unchanged Following Profit Warning Jan 07
Standard & Poors, Jan 2007
Abstract
MADRID (Standard & Poor's) Jan. 23, 2006--Standard & Poor's Ratings Services said today that its ratings and outlook on equipment supplier Alcatel Lucent (BB-/Positive/B) remain unchanged following the group's announcement today of poor preliminary annual and fourth-quarter 2006 sales and operating profit. The shortfall is within the risks we identified that triggered our downgrade on Dec. 5, 2006. We are also comforted by the group's cash balances of about -7 billion, which provide headroom for restorative measures. We will closely examine Alcatel Lucent's final and complete 2006 results, to be published on Feb. 9, 2007, to assess in detail the group's performance, particularly its cash generation, and any changes in market dynamics that could affect our expectations for the group's...
Companies mentioned in this report are: Alcatel-Lucent
Action: Bulletin
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.
|
|
|
|
