Eutelsat Communications (Euronext Paris: ETL) has requested Moody’s Investors Service to withdraw all of its ratings on the Group. This decision was made in the context of the Group’s ongoing cost rationalization.
Eutelsat S.A retains solicited ratings from S&P Global Ratings (BBB-/stable outlook1) and by Fitch Ratings (BBB/stable outlook2).
Eutelsat’s financial policy remains unchanged with a confirmed commitment to Investment Grade and an objective of a net debt/EBITDA ratio below 3.0x.
Source: https://news.eutelsat.com/pressreleases/eutelsat-requests-the-withdrawal-of-moodys-ratings-2960664
