SES Obtains BBB Credit Rating by Fitch
SES S.A. announced today that Fitch Ratings assigned a Long-Term Issuer Default Rating and senior unsecured rating of ‘BBB’ with a stable outlook. Fitch has also assigned SES’s subordinated hybrid securities a rating of ‘BB+’. The rating, according to Fitch, reflects SES’s leading position in the global satellite sector, strong underlying free cash flow and financial flexibility.
Consistent with the group’s policy to attain, and retain a credit rating from at least two rating agencies, SES has decided to withdraw its ratings from S&P Global, with immediate effect. SES’s financial policy remains unchanged with a commitment to investment grade and an objective of a net debt to Adjusted EBITDA ratio below 3.3x.
The full credit rating report is available on the Fitch Ratings website.
Sandeep Jalan, Chief Financial Officer of SES, commented, “We are delighted to initiate a rating with Fitch, which recognises SES’s strong business profile. We are committed to maintaining a strong balance sheet while continuing to pursue our strategy to grow our footprint and leadership in the global satellite sector.”
Follow us on:
Twitter, Facebook, YouTube, LinkedIn, Instagram
Read our Blogs >
Visit the Media Gallery >
About SES
SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries 8,400 channels and has an unparalleled reach of over 355 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220311005174/en/
Contact information
Richard Whiteing
Investor Relations
Tel. +352 710 725 261
Richard.Whiteing@ses.com
Suzanne Ong
External Communications
Tel. +352 710 725 500
Suzanne.Ong@ses.com
About Business Wire
Business WireSubscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
GMS ranked as a Tier 1 SMS Firewall Vendor by ROCCO Research30.5.2023 10:00:00 CEST | Press release
Global Message Services (GMS), a trusted communications service provider for Enterprises and Mobile Operators worldwide, has been rated as a Tier 1 SMS Firewall Vendor in the ROCCO SMS Firewall Benchmarking Survey, for a second year running. This year, GMS topped the Tier 1 leaderboard featuring six vendors, attaining an overall rating of 4.53 out of 5. It received top scores for a range of KPIs, including reliability, customer service, technical expertise, transparency, and industry awareness. It also achieved a net promoter score of 93 - the best among all the vendors who participated. For the 2023 edition of this annual survey, ROCCO Research collected feedback from 239 MNOs spread across 136 countries. Some 46% of vendors who took part in the survey reported that they have experienced an increase in SMS attacks. The survey also confirmed that despite AI advances, the human element remains essential for SMS firewall protection. Charles Upchurch, CEO, GMS said: "Even as firewall mana
Regnology Enters into Exclusive Talks to Acquire Invoke30.5.2023 08:19:00 CEST | Press release
Regnology, a leading software provider with a focus on regulatory reporting solutions, announces today it expects to sign a definitive agreement to acquire Invoke, a French-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities. On completion of the agreement, the deal would mark the fifth acquisition in less than a year for Regnology. With 160+ full-time employees, Invoke serves over 1,800 regulated entities and supervisory authorities throughout Europe with its XBRL-based banking, insurance, and tax reporting solutions. Invoke’s corporate tax solution will complement Regnology’s financial tax reporting solution and open a new growth area for the company. Rob Mackay, CEO of Regnology, comments: “The round of recent deals we have undertaken, culminating with today’s announcement, sets Regnology on an accelerated path for growth internationally. Invoke’s advanced solutions would complement our technology stack while its t
William O'Neil + Company Announces the Passing of William J. O'Neil30.5.2023 05:21:00 CEST | Press release
William J. O'Neil, "Bill," a highly accomplished figure in the world of stock speculation, entrepreneurship, authorship, and philanthropy has passed away at the age of 90. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230529005167/en/ William J. O'Neil (Photo: Business Wire) Bill exemplified the American spirit and firmly believed that through hard work, anyone could attain prosperity. His approach to success was characterized by his willingness to challenge conventional wisdom, carefully analyze the data, and follow it wherever it led him, on his own terms. With humble beginnings, he became the youngest person to purchase a seat on the New York Stock Exchange at 30 years old. He wrote several best-selling books sharing the investment methodologies he built his businesses upon and devoted much of his life to extending a path toward financial freedom for all. He was a vocal proponent of a free enterprise system and its contr
Huawei ICT Competition 2022-2023 Global Final Held in Shenzhen — 146 Teams from 36 Countries and Regions Win Awards30.5.2023 04:54:00 CEST | Press release
On May 27, 2023, the Huawei ICT Competition 2022-2023 Global Final concluded in Shenzhen, drawing to a close the seventh installment of this competition. The first to be held in person since 2019, the event’s culmination was a competition between finalists in 146 teams from 36 countries. Before the Final, more than 120,000 students from more than 2000 universities in 74 countries and regions around the world took part in the ICT Competition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230529005085/en/ Huawei ICT Competition 2022–2023 Global Final Closing and Awarding Ceremony (Photo: Huawei) Teams from Shenzhen Polytechnic, Guilin University of Electronic Technology, Guangzhou College of Commerce, Yangtze Normal University, and Hunan Industry Polytechnic won the Network Track Grand Prize. Teams from Guilin University of Electronic Technology, Shenzhen Polytechnic, and Nanning College for Vocational Technology won the Clou
Tourists from Four Asian Countries and Regions Can Now Pay in Thailand with Mobile Wallets30.5.2023 04:21:00 CEST | Press release
Ant Group, the operator of Alipay+, the global cross-border digital payments and marketing solution today announced that a total of four mobile wallets are now accepted in Thailand. These include AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia) and Alipay (Chinese mainland), which has been accepted by Thai merchants since 2015. Enabled through Alipay+, the latest development and the addition of three more mobile wallets will expand the seamless digital travel experience for more Asian tourists visiting Thailand, in the midst of a rapid rebound in the local tourism industry. Ant Group also unveiled new collaborations with the Tourism Authority of Thailand (“TAT”), to promote the Amazing Thailand campaign and to stimulate travel in Thailand. In addition to facilitating purchases and transactions made by mobile wallets familiar to tourists, Ant Group will also provide digital solutions to local businesses in areas such as digitalisation of service operatio
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom