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Alcatel Long Term Ratings Placed on CreditWatch Negative After Profit Warning Sep 02
Standard & Poors, September 2002
LONDON (Standard & Poor's) Sept. 23, 2002--Standard & Poor's Ratings Services said today it placed its double-'B'-plus corporate credit and senior unsecured debt ratings on France-based telecommunications equipment provider Alcatel on CreditWatch with negative implications, following a profits warning by the company on Sept. 20, 2002. At the same time, the single-'B' short-term corporate credit rating on the company was affirmed. "The CreditWatch placement on Alcatel reflects a further severe deterioration of market conditions within the global telecoms equipment industry beyond previous expectations, and the continuing lack of trading visibility," said Leandro de Torres Zabala, a director of Standard & Poor's Corporate Ratings Europe. "The CreditWatch will be resolved within the short term, after Standard & Poor's reviews the company's...
Companies mentioned in this report are: Alcatel-Lucent
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.