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 […]