FRANFURT, Germany—Moody’s Investors Service downgraded French vendor Alcatel to Baa1 from A2 for senior debt rating and to prime 2 from prime 1 for its short-term debt.
“In the short-term, Moody’s expects Alcatel to be burdened by slow orders and immense price pressure in its core markets of Western Europe and USA—weaknesses that cannot necessarily be offset by growth in Central Europe, Latin America and Asia,” said the agency.
