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Alcatel's 'A'/'A-1' Rtgs Affirmed; Outlk Remains Stable; Thomson Still on Watch Developing Jul 99
Standard & Poors, July 1999
Abstract
PARIS (Standard & Poor's CreditWire) July 30, 1999--Standard & Poor's today affirmed its ratings on Alcatel S.A. (Alcatel) and related entities. The outlook remains stable. The ratings on Thomson S.A. and related entities remain on CreditWatch, where they were placed with developing implications on July 31, 1998. (See list below for all rating actions.) The rating decisions followed the July 29, 1999, announcement that Alcatel will dispose of a significant portion of its 44% stake in the French nuclear-equipment manufacturer, Framatome, in exchange for an approximate 10% increase in its previous 15.8% stake in the French defense group, Thomson CSF (CSF). Thomson S.A., CSF's largest shareholder, will see its stake in CSF decrease to about 30% from the current 40%....
Companies mentioned in this report are: Alcatel-Lucent,DSC Communications (Alcatel USA),TSA,Alcatel N.V.,Thales S.A.,Alcatel Inc.,Alcatel Canada Finance Inc.,Alcatel Australia Ltd.
Action: Affirmed
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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