S&P: Alcatel-Lucent stable

Standard & Poor's said it revised the outlook on Alcatel-Lucent to stable from negative and affirmed the B long-term and B short-term corporate credit ratings on the company.

The outlook revision to stable primarily reflects the expectations that industry demand will be resilient over the near term, S&P said. This should help Alcatel-Lucent to achieve moderate revenue growth and margin improvements, despite continuously fierce competition.

The ratings consider Alcatel-Lucent's aggressive financial risk profile, which balances the company's highly negative track record of cash generation and very high leverage ratios, the agency said.

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