Research Update: Alcatel-Lucent Long-Term Rating Lowered To 'B-' On Higher-Than-Expected Cash Losses; Outlook Stable Jun 13
- Language: English
- Published: June 2013
LONDON (Standard & Poor's) August 6, 2001--Following a profit warning by France-based telecommunications equipment provider Alcatel on May 30, 2001, Standard & Poor's today lowered its long-term corporate credit and senior unsecured debt ratings on the company to triple-'B'-plus from single-'A', and its short-term corporate credit and commercial paper ratings to 'A-2' from 'A-1'. At the same time, the senior unsecured debt ratings on guaranteed subsidiaries Alcatel N.V. and Alcatel Inc. were lowered to triple-'B'-plus from single-'A', and the commercial paper ratings on guaranteed subsidiaries Alcatel Finance Australia Ltd. and Alcatel Canada Finance Inc. were lowered to 'A-2' from 'A-1'. In addition, all ratings were removed from CreditWatch, where they were placed on May 18, 2001. The outlook is negative....
Companies mentioned in this report are: Alcatel-Lucent,Alcatel N.V.,Alcatel Inc.,Alcatel Canada Finance Inc.
Action: Downgraded, Off CreditWatch
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.
Alcatel-Lucent,Alcatel N.V.,Alcatel Inc.,Alcatel Canada Finance Inc.