Press Release: Fitch Solutions: Alcatel-Lucent CDS Spreads Tighten to Record Levels 11:47 AM ET 11/5/15 | Dow Jones The following is a press release from Fitch Ratings: 

Fitch Solutions-London/New York-05 November 2015: Alcatel-Lucent's five-year Credit Default Swaps (CDS) tightened 34% over the past month to price at all-time tight levels, according to Fitch Solutions in its latest CDS Case Study Snapshot. 

After pricing consistently at distressed levels ('B/CCC') a year ago, CDS referencing Alcatel have tightened 82% compared with a year ago, to price in investment grade space, in line with 'BBB+' levels. 

"Improved market sentiment for Alcatel can be attributed to recent regulatory approvals of Nokia's planned takeover of the French technology company, which will create a network solutions giant," said Diana Allmendinger, Director, Fitch Solutions. 

Fitch Solutions case studies build on data from its CDS Pricing Service and proprietary quantitative models, including CDS Implied Ratings. These credit risk indicators are designed to provide real-time, market-based views of creditworthiness. As such, they can and often do reflect more short term market views on factors such as currencies, seasonal market effects and short-term technical influences. This is in contrast to Fitch Ratings' Issuer Default Ratings (IDRs), which are based on forward-looking fundamental credit analysis over an extended period of time.