- Published: May 2012
- Region: Denmark
Alcatel and Subsidiaries Remain on CreditWatch With Negative Implications Jun 01
- Published: June 2001
- Standard & Poors
LONDON (Standard & Poor's CreditWire) June 1, 2001--Standard & Poor's said today that its single-'A' long-term and 'A-1' short-term ratings on France-based communications equipment company Alcatel and related entities remain on CreditWatch with negative implications, where they were placed on May 18, 2001. This action follows Alcatel's announcement, on May 30, 2001, of its plans for a significant strategic business repositioning involving significant restructuring, and of a profit warning regarding the company's second quarter results. Alcatel plans to reorganize its business into three core areas--Optics, Carrier Networking, and Space technology--which currently represent 80% of the company's business. This reorganization will involve asset disposals, reengineering, and strategic alliances involving, among others, its cable unit Nexans S.A., its cellular handset operation, and...
Companies mentioned in this report are: Alcatel-Lucent,Alcatel N.V.,Alcatel Inc.,Alcatel Canada Finance Inc.
Action: On CreditWatch:Negative
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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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Alcatel-Lucent,Alcatel N.V.,Alcatel Inc.,Alcatel Canada Finance Inc.