Moody's downgrades Alcatel-Lucent debt rating

Wednesday 9 May 2012 | 08:35 CET | News
Moody's has downgraded Alcatel-Lucent's debt ratings to B2 from B1 and changed the previously negative outlook on the ratings to stable. Today's one-notch downgrade of Alcatel-Lucent's ratings was driven by Moody's view that, in 2012 again, the company will not be able to generate positive free cash flows from continuing operations. Moody's notes that Alcatel-Lucent has been consuming cash from operations since the 2006 merger between Alcatel and Lucent Technologies, and that, because of continued pressure on its operating performance, visibility of when the company might start to generate

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Categories: General
Companies: Alcatel-Lucent USA/FR
Countries: World
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