Moody’s revises Alcatel-Lucent to positive

Moody's Investors Service said it changed the outlook on Alcatel-Lucent's B3 corporate family rating and B3-PD probability of default rating to positive from stable.

Concurrently, the agency affirmed the company’s B3 corporate family rating and B3-PD probability of default rating as well as the existing instrument ratings (Caa1 for outstanding convertible notes, and B3 senior unsecured ratings).

"The positive outlook reflects our view that Alcatel-Lucent's credit metrics could improve following the company's stronger-than-expected results in the last nine months," Roberto Pozzi, Moody's vice president, senior credit officer and lead analyst for Alcatel-Lucent, said in a news release.

"Moreover, if Alcatel-Lucent is able to sustain the ongoing improvement in operating margins and cash flow generation, we could consider upgrading its ratings over the next 12-18 months."

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