Summary: SES S.A. - S&P Global Ratings’ Credit Research

Summary: SES S.A.

Summary: SES S.A. - S&P Global Ratings’ Credit Research
Summary: SES S.A.
Published Sep 19, 2012
2133 words — Published Sep 19, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The ratings on Luxembourg-based global satellite owner and operator SES S.A. reflect Standard&Poor's Ratings Services' view of the group's "strong" business risk profile and "significant" financial risk profile. The "strong" business risk profile is underpinned by SES' position as a leading global provider of satellite services and the significant revenue and cash flow visibility stemming from its large contract backlog. We also factor into the ratings SES' strong and resilient profitability, reflecting a combination of high barriers to entry; the fact that SES provides an essential service to media and telecommunications providers; and favorable long-term growth prospects for fixed satellite services (FSS). These strengths are partially offset by the industry's high capital intensity; potential transponder overcapacity in some

  
Brief Excerpt:

RESEARCH Summary: SES S.A. Publication date: 19-Sep-2012 Primary Credit Analyst: Chris Meyer, London (44) 20-7176-3842; chris_meyer@standardandpoors.com Secondary Contact: Guillaume Trentin, Paris (33) 1-4420-6736; guillaume_trentin@standardandpoors.com...

  
Report Type:

Summary

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. "Summary: SES S.A." Sep 19, 2012. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-SES-S-A-1013247>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: SES S.A. Sep 19, 2012. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-SES-S-A-1013247>
  
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