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SES Reiterates Deleveraging Plan Following Fitch Downgrade
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3 Articles
SES reiterates deleveraging plan following Fitch downgrade
Satellite services provider SES has acknowledged a credit rating action announced by Fitch Ratings and reiterated its strategy to strengthen its key metrics. Following the release of the company’s Q3 results and Intelsat integration update, ratings agency Fitch downgraded the company’s Long-Term Issuer Default Rating (IDR) and senior unsecured debt to ‘BBB-‘ from ‘BBB’. The agency graded the outlook on the IDR as ‘stable’. With expected reductio…
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