Moody&#39;s upgrades Lucent Technologies debt ratings
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Moody&#39;s Investors Service upgraded the debt ratings for Lucent Technologies on Friday, citing the company&#39;s adequate funds, stabilizing revenue and progress in improving profitability and cash flow.
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It&#39;s been a good two weeks for Lucent. Just when it looked like the troubled vendor was set to come in behind the pack in the 3G contract race, the carrier jumped ahead with two gigantic contract wins.
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Plus: Lucent's 1st profitable year since 2000...EMC issues sunny report...IBM net income inches higher, despite legal bill.
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Calpine Corp. added more high-yield bonds to its debt load Tuesday after pricing a $785 million deal into the market. The company - which has been criticized by market analysts in the past because of its frequency
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South Australia state&#39;s low debt levels and ``robust fiscal performance&#39;&#39; are the key factors in upgrading its credit rating to Aaa from Aa1, Moody&#39;s Investors Service said in a statement.
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Moody&#39;s Investors Service on Thursday said it may downgrade the debt ratings for Penn National Gaming Inc. (PENN.O: Quote, Profile, Research) and Argosy Gaming Co.
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Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , among the world&#39;s largest makers of telecommunications equipment, on Wednesday said its fourth-quarter earnings
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The pressure on bond insurers increased on Wednesday after Fitch Ratings downgraded FGIC Corp's credit rating and Standard &amp; Poor's reviewed the ratings on $529 billion worth of U.S. mortgage-backed securities and collateralized debt obligations.
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Moody&#39;s Investors Service on Tuesday cut the debt ratings for SBC Communications Inc. (SBC.N: Quote, Profile, Research) and BellSouth Corp.
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Standard &amp; Poor&#39;s on Tuesday lowered the long-term debt ratings on BellSouth Corp. (BLS.N: Quote, Profile, Research) , SBC Communications (SBC.
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Moody's Corp. , the parent of its namesake credit rating agency, on Wednesday said fourth-quarter profit soared 86 percent, helped by growing demand for ratings and a gain from the sale of its downtown Manhattan headquarters.
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NEW YORK, Nov 12 - Moody&#39;s Investors Service revised Occidental Petroleum Corp&#39;s (OXY.N: Quote, Profile, Research) , the international oil and gas company&#39;s outlook to positive and affirmed its ratings.
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Moody&#39;s Investors Service said on Wednesday it raised Freeport-McMoRan Copper &amp; Gold Inc.&#39;s (FCX.N: Quote, Profile, Research) ratings, citing the return of its PT Freeport Indonesia unit to normal mining operations.
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Goldman Sachs reiterated an &quot;outperform&quot; rating and raised estimates for third-quarter revenue and earnings before interest depreciation and amortization for Yahoo!
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Moody's Investors Service lowered the credit ratings on $5.2 billion of bonds backed by subprime mortgages and Standard &amp; Poor's said it may cut ratings on $12 billion as the companies seek to deflect criticism they were too slow to act as home-loan defaults rose.
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Lucent Technologies Inc. reported higher-than-expected fourth quarter sales on Wednesday, boosted in part by several large contracts, especially in its wireless segment, as well as increased demand for VOIP (voice over Internet Protocol), high-speed data and broadband access.
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Lucent Technologies Inc. , among the world's largest makers of telecommunications equipment, on Wednesday said quarterly earnings rose, helped by improvement in its wireless networks business, which makes base stations and other products.