Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: Steve Fancy who wrote (1276)	2/24/2000 1:17:00 PM
From: Steve Fancy	Read Replies (1) of 3891

Alcatel Long-Term Debt Confirmed At A1: Moody's Dow Jones Newswires -- February 23, 2000 FRANKFURT -- Moody's Investors Service said Wednesday it confirmed its A1/P1 rating of Alcatel (ALA) following the announcement of its acquisition of Newbridge Networks (NN). The share for share transaction has an implied value of about $7.1 billion, the ratings agency said. "The rating confirmation is based on the all equity deal structure, Alcatel's increased product range as well as market reach and expected synergies to be realized through the merger," Moody's said. Moody's said the ratings confirmed are: Alcatel - A1 for bonds and medium-term notes, and the Prime-1 for short-term debt, including Billet de Tresorie; Compagnie Generale d'Electricite - A1 for convertible bonds assumed by Alcatel Alsthom S.A.; Alcatel Alsthom, Inc. - A1 for Eurobonds and medium-term notes and Prime-1 for guaranteed short-term debt; Alcatel Alsthom Finance, Inc. - Prime-1 for guaranteed short-term debt; and Alcatel Alsthom Finance, Ltd. - Prime-1 for guaranteed short-term debt.

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