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Alcatel-Lucent's ?500 Million Proposed Notes Rated 'B', Recovery Rating of '4'; Ratings Affirmed; Outlook Still Negative Nov 10
Standard & Poors, Nov 2010
Abstract
French telecom equipment supplier Alcatel-Lucent is proposing -500 million of senior bonds to help refinance its January 2011 maturities. We are assigning a 'B' rating to the proposed notes, with a recovery rating of '4', in line with Alcatel-Lucent's existing senior unsecured bonds. We are affirming our ratings on Alcatel-Lucent, including the 'B' long-term corporate credit rating. The negative outlook continues to reflect a possible downgrade if Alcatel-Lucent's cash generation does not materially improve in the near term. PARIS (Standard & Poor's) Nov. 23, 2010-- Standard & Poor's Ratings Services said today that it has assigned its 'B' long-term issue rating to Alcatel-Lucent's proposed -500 million senior unsecured notes. We assigned a recovery rating of '4', like that on the...
Companies mentioned in this report are: Alcatel-Lucent,Alcatel-Lucent USA Inc.
Action: Affirmed
Action: New Rating
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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