Ericsson, Alcatel and Marconi show losses in their respective operations and have net debt. They have been hurt by overcapacity, which puts pressure on the margins
2001-11-09 15:19:00
ERICSSON: CONT PRESSURE CREDIT RATING, NOKIA STABLE - S&P
(News agency Direkt) -- Standard & Poor`s credit ratings for several telecom equipment vendors, including Ericsson, are under continued pressure, said the company`s head of European operations Peter Kernan at a press conference Thursday.
"The credit ratings for the vendors are still under pressure and we are reviewing them. They could be downgraded further," he said.
Ericsson, Alcatel and Marconi show losses in their respective operations and have net debt. They have been hurt by overcapacity, which puts pressure on the margins.
"However, Nokia`s rating is still stable outlook, partly due to a very conservative balance sheet," Kernan said.
Nokia`s credit rating is A with stable outlook while Ericsson has A- with negative outlook. |
