MOODY'S SLICES LUCENT'S CREDIT RATING All Editions: Late, Early
While Lucent has been able to build up its liquidity reserves to weather an extended period of unprofitability, the rating agencies expressed surprise at the depth of the current slump. "The rating actions reflect the continuing cutbacks in capital spending plans by Lucent's core customer...
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Published in | The Record (Hackensack, N.J.) |
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Main Author | |
Format | Newspaper Article |
Language | English |
Published |
Bergen County, N.J
North Jersey Media Group Inc
23.03.2002
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Subjects | |
Online Access | Get full text |
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Summary: | While Lucent has been able to build up its liquidity reserves to weather an extended period of unprofitability, the rating agencies expressed surprise at the depth of the current slump. "The rating actions reflect the continuing cutbacks in capital spending plans by Lucent's core customer base and the expectation that the downturn in demand will be more protracted and deeper than we had previously anticipated," said Moody's. |
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