Moody’s has downgraded SES credit from investment grade to high yield, following the weak Q3 results. In this note we discuss the impact of the downgrade and review Moody’s forecasts for the business.
Eutelsat completes its rights issue of € 670m|Proposals for simplifying banking regulations by the ECB|BPCE and Generali abandon their asset management joint venture project|
Eutelsat finalise son augmentation de capital avec DPS de 670 m EUR|Propositions de simplification de la réglementation bancaire par la BCE|BPCE et Generali abandonnent leur projet de coentreprise en gestion d’actifs|
Our credit view of this issuer reflects its improved credit metrics and GRI denomination resulting in expected extraordinary support from the Government of France