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Alcatel Ratings Raised to 'BB' Following Improved Third-Quarter 2004 Results; Outlook Stable Nov 04
Standard & Poors, Nov 2004
Abstract
LONDON (Standard & Poor's) Nov. 10, 2004--Standard & Poor's Ratings Services said today it raised its long-term corporate credit and senior unsecured debt ratings on France-based telecommunications equipment supplier Alcatel to 'BB' from 'BB-', following the company's release of its third-quarter 2004 results. The outlook is stable. At the same time, Standard & Poor's affirmed its 'B' short-term corporate credit rating on Alcatel. At Sept. 30, 2004, Alcatel had gross debt outstanding of -4.7 billion ($6.0 billion), which included -4.2 billion of notes. 'The upgrade reflects Standard & Poor's view that the global telecoms equipment market is set to grow at single-digit levels during 2005, supported by the restored financial soundness of most telecoms operators, the implementation of new technologies,...
Companies mentioned in this report are: Alcatel-Lucent
Action: Upgraded
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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