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SES defends financial outlook after Moody’s downgrade

Summary by Space News

SES moved to reassure investors about its financial stability Feb. 18 after Moody’s downgraded the Luxembourg-based satellite operator’s outlook from stable to negative. The post SES defends financial outlook after Moody’s downgrade appeared first on SpaceNews.

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SES defends financial outlook after Moody’s downgrade

4 days ago·Mojave, United States

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SES responds to unfavourable Moody’s Rating

SES has said is anticipating “better than expected” revenues when its full-year 2024 results are published later this month. The statement followed the decision by Moody’s Ratings to change its outlook on the satellite operator from “stable” to “negative”. Moody’s said increased competition within the satellite sector was putting pressure on prices. Behind the move is a perceived risk in the oversupply of satellite connectivity in the Non-Geosta…

3 days ago

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luxtimes.lu

Luxembourg’s SES hurt by ‘negative’ outlook from Moody’s

Moody's changed its outlook on Luxembourg satellite company SES to "negative," expressing concerns about the difficult market conditions for the satellite industry and increased competition and innovation risks. SES remains confident in its financial prospects and expects annual revenues approaching €2 billion.

3 days ago

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advanced-television.com

SES hit by ratings downgrade

It’s not been a good month for European satellite operators. Recent weeks have seen Paris-based Eutelsat suffer negative comments and a much-depressed share price. Now it is Luxembourg’s SES which is hurting. Ratings agency Moody’s cut its outlook on SES to “negative” (from “stable”) and that the operator’s long-term debt (rated Baa3) would be “under […]

3 days ago

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