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Ratings on Alcatel Lowered to 'BBB+' After Profit Warning, Outlook Negative Aug 01 Product Image

Ratings on Alcatel Lowered to 'BBB+' After Profit Warning, Outlook Negative Aug 01

  • ID: 1822783
  • August 2001
  • Standard & Poors

Abstract
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.

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Alcatel-Lucent,Alcatel N.V.,Alcatel Inc.,Alcatel Canada Finance Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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