Eutelsat Requests the Withdrawal of Moody’s Ratings

World News: . []

Regulatory News:

Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) has requested Moody’s Investors Service to withdraw all of its ratings on the Group. This decision was made in the context of the Group’s ongoing cost rationalization.

Eutelsat S.A retains solicited ratings from S&P Global Ratings (BBB-/stable outlook1) and by Fitch Ratings (BBB/stable outlook2).

Eutelsat’s financial policy remains unchanged with a confirmed commitment to Investment Grade and an objective of a net debt/EBITDA ratio below 3.0x.

[1] Issuer Credit Rating and senior unsecured rating
(2) senior unsecured rating

About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the world's leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Around 7,000 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,000 men and women from 46 countries who are dedicated to delivering the highest quality of service.
For more about Eutelsat go to LINK 

More news and information about Eutelsat Communications

Published By:

Business Wire: 17:23 GMT Tuesday 14th January 2020

Published: .

Search for other references to "eutelsat" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2020. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us