Eutelsat Asks Moody's to Remove Rating

Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) has requested Moody´s Investors Service to withdraw all of its ratings on the Group, the company said.

This decision was made in the context of the Group´s ongoing cost rationalization.

Eutelsat S.A retains solicited ratings from S&P Global Ratings (BBB-/stable outlook) and by Fitch Ratings (BBB/stable outlook).

Eutelsat´s financial policy remains unchanged with a confirmed commitment to Investment Grade and an objective of a net debt/EBITDA ratio below 3.0x.

Founded in 1977, Eutelsat Communications is one of the world´s satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. For more about Eutelsat go to www.eutelsat.com