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Ericsson Outlook To Stable On Stong Business And Financial Positions; Affirmed At 'BBB+/A-2'; Teleconf Today 5pm CET Mar 09 Product Image

Ericsson Outlook To Stable On Stong Business And Financial Positions; Affirmed At 'BBB+/A-2'; Teleconf Today 5pm CET Mar 09

  • Published: March 2009
  • Standard & Poors

Abstract
PARIS (Standard & Poor's) March 3, 2009--Standard & Poor's Ratings Services said today that it revised the outlook on Sweden-based telecom equipment manufacturer Ericsson (Telefonaktiebolaget LM) to stable from negative. At the same time, the 'BBB+' long-term corporate credit and senior unsecured debt ratings and the 'A-2' short-term ratings were affirmed. At Dec. 31, 2008, Ericsson reported gross consolidated financial debt of SEK30 billion. "The outlook revision reflects our view that, although Ericsson will face what is likely to be a challenging telecom infrastructure market for 2009, its strong business and financial positions are likely to provide credit support, making a rating downgrade unlikely in the next few months," said Standard & Poor's credit analyst Patrice Cochelin. There remain significant...

Companies mentioned in this report are: Ericsson (Telefonaktiebolaget L.M.)
Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

Ericsson (Telefonaktiebolaget L.M.)

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