SES Reaffirms Debt Reduction Goal After Moody's Downgrade

Focused on Credit Improvement

According to the press release, the management of SES states that the company continues to execute its strategy with a plan aimed at improving its credit metrics over time. The group maintains its goal of reducing its adjusted net leverage to 3.0 times adjusted EBITDA or below, a level considered compatible with an investment grade rating. The operator specifies that this downgrade does not affect its ability to conduct operations, serve its customers, or implement its strategic plan. SES has an average weighted debt maturity of about five years, and Moody's action is not expected to have a significant impact on the interests due under its existing credit facilities, the company indicates.

Strategic Position to Cash Conversion

SES's CFO, Lisa Pataki, states that the group's priority is to convert its strategic position into sustainable cash generation and improved credit metrics. The company asserts it has multiple levers for liquidity generation that can support and accelerate its debt reduction plan. These levers will be used in a disciplined manner, the management specifies. The group commits to maintaining active dialogue with its stakeholders and rating agencies, while providing updates through its regular financial communications.

Support from Luxembourg

SES highlights the support from the Grand Duchy of Luxembourg, which remains a reference investor in the company's capital. The group reaffirms its commitment to a stable to progressive dividend policy, despite the current context. The operator, which completed the acquisition of Intelsat in July 2025, now claims more than 100 years of cumulative expertise in the space sector. The company, headquartered in Luxembourg, is listed on the Paris and Luxembourg stock exchanges.