Fitch Plans to Withdraw SES S.A.'s Ratings
OREANDA-NEWS. Fitch Ratings plans to withdraw the ratings on Luxembourg-based satellite operator SES S.A. (SES) in approximately 30 days, for commercial reasons.
Fitch currently rates SES as follows:
SES S.A.
Long-term IDR: 'BBB', Outlook Stable
Short-term IDR: 'F2'
Senior unsecured: 'BBB'
Commercial paper: 'F2'
SES Global Americas Holding GP
Senior unsecured: 'BBB'
Fitch reserves the right at its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch is providing approximately 30 days' notice to the market of the rating withdrawal of SES as the agency believes that investors benefit from augmented rating coverage. Ratings are subject to analytical review and may change up to the time Fitch withdraws the ratings.
Fitch's last rating action for SES was on 3 June 2015 when it affirmed the company's ratings.
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