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Alcatel Lucent Outlook To Negative On Weak Trading; 'BB-/B' Ratings Affirmed Jul 08
Standard & Poors, July 2008
Abstract
PARIS (Standard & Poor's) July 31, 2008--Standard & Poor's Ratings Services said today that it revised to negative from stable its outlook on France-based telecommunications equipment supplier Alcatel Lucent. At the same time, the 'BB-/B' long- and short-term corporate credit ratings on Alcatel Lucent, the 'BB-/B-1' long- and short-term corporate credit ratings on subsidiary Lucent Technologies Inc., and all issue ratings on both companies were affirmed. At June 30, 2008, Alcatel Lucent had on-balance-sheet gross debt of -5.5 billion, including the equity component of convertible bonds. 'The outlook revision primarily reflects our concerns about the slow pace of improvement of Alcatel Lucent's margins and the group's large negative free cash flow,' said Standard & Poor's credit analyst Patrice Cochelin. We...
Companies mentioned in this report are: Alcatel-Lucent
Action: Affirmed
Action: Outlook: 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.
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