Eutelsat Secures Major Financing, Sparking a Potential Turnaround

Investors in Eutelsat have been grappling with concerns over its substantial debt and strategic direction. A significant announcement this Tuesday, however, has injected a wave of optimism into the market. The confirmation of a multi-billion euro capital raise has prompted immediate action from credit rating agencies, leading many to question whether this is the pivotal moment for the satellite operator’s recovery.

The shift in sentiment was catalyzed by a decisive reassessment from Moody’s Investors Service. The agency upgraded Eutelsat’s corporate family rating to Ba3 and assigned a stable outlook. This move is a direct response to the firm’s successful strategic equity increase, which Read more...