All verified mentions of this organization in source documents.
SES is managing financial restructuring necessitated by the acquisition of Intelsat.
SES S.A. finalized its acquisition of Intelsat in July 2025 for an enterprise value of approximately $5 billion.
SES confirmed that the rating change will not trigger a material impact on the interest payable under its existing debt facilities.
On December 17, 2025, SES acknowledged a credit rating action announced by Moody’s Investor Service.
SES intends to maintain a stable-to-progressive dividend policy for shareholders while executing its debt-reduction priorities.
SES plans to continue engagement with stakeholders and credit rating agencies.
The rating action from Moody’s follows the release of SES’s third quarter 2025 financial results.
SES expects to provide further transparency on its integration progress and deleveraging milestones during its upcoming financial reporting cycles.
The rating change from Moody’s is not expected to impact SES’s ability to operate its global multi-orbit constellation.
SES's recovery strategy is supported by its multi-orbit positioning and diversified revenue streams across government, aviation, and maritime sectors.
SES and Infinite Orbits have reached an agreement for one geostationary satellite life extension mission.
The launch of Endurance is planned for late 2027, and it is expected to dock with one SES geostationary satellite.
PExT roamed between NASA’s Tracking and Data Relay Satellite (TDRS) system, two SES O3b mPOWER satellites, and InmarsatF1, owned by Viasat.
Moody's downgraded SES's credit assessment from ba1 to ba2 on December 17, 2025.
CFO Lisa Pataki emphasized SES's priority of converting its strong strategic position into durable cash generation and stronger credit metrics.
SES expects the rating action to have no material impact on the interest payable under its existing debt facilities.
Moody's withdrew SES's Baa3 long-term issuer rating and assigned a Ba1 long-term corporate family rating to SES.
The outlook for SES changed from stable to negative.
Lisa Pataki stated that SES has a clear view of multiple cash-generating levers to support and accelerate its de-leveraging plan.
Moody's noted that the downgrade reflects a material deviation in SES's operating performance from previous expectations.