Satellite Operator SES S.A. Outlook Revised To Stable, 'BBB' Long-Term Rating Affirmed, Short-Term Raised To 'A-2' - S&P Global Ratings’ Credit Research

Satellite Operator SES S.A. Outlook Revised To Stable, 'BBB' Long-Term Rating Affirmed, Short-Term Raised To 'A-2'

Satellite Operator SES S.A. Outlook Revised To Stable, 'BBB' Long-Term Rating Affirmed, Short-Term Raised To 'A-2' - S&P Global Ratings’ Credit Research
Satellite Operator SES S.A. Outlook Revised To Stable, 'BBB' Long-Term Rating Affirmed, Short-Term Raised To 'A-2'
Published Jun 29, 2009
Published Jun 29, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

-- Luxembourg-based satellite operator SES is moving to a more moderate financial policy, has recently improved its liquidity, and continues to post solid operating performance. -- We are revising the outlook on SES to stable from negative, affirming the 'BBB' long-term rating, and raising the short-term rating to 'A-2' from 'A-3'. -- The stable outlook reflects SES' revised leverage target to 3.3x net debt to EBITDA, which should allow for adequate headroom under the group's financial covenants at 3.5x, and our view that SES has adequate revenue and earnings visibility and growth over the next few years. PARIS (Standard&Poor's) June 29, 2009--Standard&Poor's Ratings Services today said it has revised its outlook on Luxembourg-based satellite operator SES

  
Report Type:

Ratings Action

Ticker
SESG@FP
Issuer
SES S.A.
Sector
Global Issuers, Structured Finance
Country
Luxembourg
Region
United States
Format:
HTML HTML
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Satellite Operator SES S.A. Outlook Revised To Stable, 'BBB' Long-Term Rating Affirmed, Short-Term Raised To 'A-2'" Jun 29, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Satellite-Operator-SES-S-A-Outlook-Revised-To-Stable-BBB-Long-Term-Rating-Affirmed-Short-Term-Raised-To-A-2-730457>
  
APA:
S&P Global Ratings’ Credit Research. (). Satellite Operator SES S.A. Outlook Revised To Stable, 'BBB' Long-Term Rating Affirmed, Short-Term Raised To 'A-2' Jun 29, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Satellite-Operator-SES-S-A-Outlook-Revised-To-Stable-BBB-Long-Term-Rating-Affirmed-Short-Term-Raised-To-A-2-730457>
  
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