NEW YORK-Lucent Technologies Inc., Murray Hill, N.J., plans to issue a $300 million, 30-year debt issue later this month to refinance outstanding commercial paper.
Duff & Phelps Credit Rating Co., Chicago, assigned an investment grade rating of A to the issue “substantially based on the company’s breadth of products and large installed base of equipment that gives [it] a strong market position.”
Lucent designs, develops and manufactures telecommunications systems, software and products.
