Standard&Poor's Ratings Services said today that Luxembourg-based SES Global S.A.'s (SES; BBB/Positive/A-2) announcement that its replacement satellite Astra1K failed to reach its correct orbit following its Nov. 27 launch will have no impact on the ratings or outlook on the company. Astra1K was expected to replace existing capacity at the 19.2ýEast orbital position, which is used for the company's core direct-to-home services. While the satellite loss may result in future higher insurance premiums, it is not expected to materially affect SES' business or financial profile. Existing services at this orbital location are not expected to be disrupted, as capacity can be reallocated to existing satellites, which are currently operating with a 20% spare capacity. SES is attempting to
