NEW YORK (Bloomberg) — Bermuda-based Global Crossing Ltd., the network operator that survived one of the largest US corporate bankruptcies, said new orders are steady in the face of a global credit crisis and the prospect of an economic slowdown.

Average monthly revenue from new orders was about $4.1 million in April, the same rate as during the two preceding quarters, chief financial officer Jean Mandeville said yesterday in an interview with Bloomberg. "We help other people to reduce their costs," Mandeville said.

"We don't see any slowdown at all at this stage."

Global Crossing, which operates out of Florham Park, New Jersey, emerged in 2003 from what was then the fourth-largest US bankruptcy by assets.

Global Crossing rose 50 cents, or 2.9 percent, to $17.89 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares have fallen 19 percent this year.