S&P: GeoEye on positive watch

Standard & Poor's said it put its ratings on GeoEye Inc., including the B- corporate credit rating, on CreditWatch with positive implications.

This also includes the B- corporate credit rating on subsidiary Orbimage Inc., which the agency said it also placed on CreditWatch positive.

The action follows the successful launch of GeoEye-1, the company's advanced high-resolution imaging satellite, on Sept. 6, S&P said, noting that GeoEye's business plan greatly depends on the successful operation of this satellite, which will service the company's NextView contract with the National Geospatial Intelligence Agency.

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