Some good news for Nortel: Standard & Poor’s Ratings Services has affirmed its ratings for Nortel, including a “B-” long-term corporate credit rating.
S&P also removed Nortel’s ratings from its CreditWatch with negative implications. S&P put Nortel on CreditWatch on Nov. 10 after the company posted its third-quarter report.
Mark Evans Can you show me your post about S&P putting NT stock on CreditWatch ! Why public did not know that? We the retail investors are the last to know about very important decisions like CreditWatchDogs ! NT stock fell down from $1.30 to 40 Cents since than. Mark, why do you think it was a good news today? S&P reaffirmed its bad ratings for NT stock. What's good about that? ======================== in conclusion S&P's outlook for the company is negative. in other words What's positive about negative outlook? Mark, you are sleeping behind the wheel or what?
broadbandbill
Yes Mark, this is some good news. However, I ask rhetorically, how will this info improve management’s articulation of the corporate vision, help crystallize and affirm its strategy and create a culture where optimal execution is the norm rather than the exception? Fundamentals, not martial arts parodies…–bb
less
Nah, all those zzzzzzzzzzzzzzzzzzzzzzz;s you hear are coming from somewhere else……….
Another Nortel Watcher
Exactly. Nuff said.
Happily Retired Cisco Exec
These credit ratings are a disaster. There is nothing good about them. In this credit environment, Nortel's suppliers are going to demand more stringent payment terms, higher prices, and even force Nortel on COD for certain items.
In addition, no Bank will factor Nortel's sales to its channel partners (60 to 90 days outstanding). And, Nortel will have great difficulty providing any funding to the activities of its channel partners, especially its few stocking partners.
S&P has affirmed Nortel's status as a leper. Companies with “A” long-term credit rating are having difficulty getting short term financing.
Nortel really could use Gary Daichendt. From 1998 to 2000, Gary was a maestro in running Cisco's distribution, service, and manufacturing arms, Mike Z has proven to be inept at anything operational.
http://www.englishclass.com.tw 英文家教
Interesting post. I have made a twitter post about this. Others no doubt will like it like I did.
Guest
Interesting post. I have made a twitter post about this. Others no doubt will like it like I did.
S&P Affirms Nortel’s Ratings
Some good news for Nortel: Standard & Poor’s Ratings Services has affirmed its ratings for Nortel, including a “B-” long-term corporate credit rating.
S&P also removed Nortel’s ratings from its CreditWatch with negative implications. S&P put Nortel on CreditWatch on Nov. 10 after the company posted its third-quarter report.
Source: Forbes
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