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Alcatel Outlook Revised To Positive Following Fourth-Quarter 2005 Results; Ratings Affirmed Mar 06
Standard & Poors, March 2006
Abstract
LONDON (Standard & Poor's) March 10, 2006--Standard & Poor's Ratings Services said today it revised its outlook on French telecommunications-equipment maker Alcatel to positive from stable, following a review of the company's fourth-quarter financial 2005 results and of its trading prospects for 2006. At the same time, Standard & Poor's affirmed all its ratings on the group, including the 'BB' long-term and 'B' short-term corporate credit ratings. 'The outlook revision reflects expectations that anticipated mid-single-digit growth rates for the telecoms-equipment industry during 2006, combined with Alcatel's leaner cost structure, should yield an improved free-cash-flow-generation profile for the group,' said Standard & Poor's credit analyst Leandro de Torres Zabala. The telecoms-equipment industry is expected to grow at mid-single-digit rates (at constant...
Companies mentioned in this report are: Alcatel-Lucent
Action: Affirmed
Action: Outlook: Positive
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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