Eutelsat Disputes S&P Downgrade

Standard & Poor's downgrade of Eutelsat (see 1811210027) "is based on an industry analysis that we do not share for certain aspects," the company emailed. Eutelsat last week said that in recent years, it has "been pursuing a rigorous financial discipline with continued deleveraging, asset disposals and strong free-cash-flow growth. Importantly, we remain in the 'Investment Grade' category.”