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S&P lifts SES view to positive
Standard & Poor’s said it revised the outlook on SES SA to positive from stable.
The agency also said it affirmed the company’s BBB long-term and A-2 short-term corporate credit ratings.
The agency also said it affirmed the BBB rating on SES’ various senior unsecured debt instruments.
The outlook revision reflects the possibility that S&P could raise the rating on SES if it continues to report robust revenue and EBITDA growth, coupled with a decrease of its capital expenditure.
Despite s forecast of an increase in shareholder returns, the agency said it expect SES to reach relatively strong credit metrics in the coming 18 months.
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