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Alcatel Alsthom,Subsids Rtgs Lowered by S&P;Off Watch Jul 97
Standard & Poors, July 1997
Abstract
NY -- Standard & Poor's CreditWire 7/1/97 -- Standard & Poor's today has lowered its ratings of Alcatel Alsthom S.A. (Alcatel) and its subsidiaries (see list below). These ratings have been removed from CreditWatch, where they were placed with negative implications in March 1997. The long-term ratings outlook is stable. The downgrade reflects the challenges that the company faces to sufficiently improve its operating earnings and cash flow generation in a highly competitive market environment. Standard & Poor's does not expect Alcatel's medium-term financial profile to remain compatible with previous ratings. In 1996, recurring operating earnings before net gains on disposals, interests, and taxes, but after goodwill amortization, though improving, remained in the red, at a negative French franc (FFr)...
Companies mentioned in this report are: Alcatel-Lucent
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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