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Moody's and Standard & Poor's Place Eutelsat Communications SA's Credit Rating Under Surveillance-DJ


Friday, 2 Aug 2013 06:44am EDT 

Dow Jones reported that Moody's and Standard & Poor's have put the credit rating of Eutelsat Communications SA under surveillance. Moody's placed the Company's Baa3 rating under surveillance prior to a possible downgrade. Standard & Poor's placed the Company's BBB rating under surveillance with negative implications. Eutelsat Communications SA had announced that its acquisition of Satelites Mexicanos (Satmex) could push its net debt to EBITDA ratio above the threshold of 3.3 which it had set itself in order to retain an investment level rating. 

Company Quote

31.085
0.215 +0.70%
22 May 2015