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Moody's to Review Eutelsat Communications for Upgrade Amid Potential French Government Stake Increase

MT Newswires·06/25/2025 06:56:19
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06:56 AM EDT, 06/25/2025 (MT Newswires) -- Moody's on Wednesday placed Eutelsat Communications' (ETL.PA) B2 long-term corporate family and B2-PD probability of default ratings on review for upgrade. The rating agency said Wednesday the review reflects expectations of a positive credit rating impact from the potential increase in the French government's stake in the satellite operator to 29.99% following a two-step equity raise of 1.35 billion euros. Moody's noted that a rating upgrade would likely consider the likelihood of government support for Eutelsat if needed.