| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for SES Global Americas Holdings GP > News item |
S&P rates SES hybrids BB
S&P said it assigned its BB long-term issue rating to the proposed perpetual subordinated hybrid securities from SES SA (BBB-/stable/A-3) and guaranteed by SES Global Americas Holdings GP.
The first reset date is set at more than five years after issuance.
The group plans to use proceeds to refinance its €750 million hybrid securities callable in January 2022 and reduce its ratio of hybrid securities to adjusted capitalization to about 15% from 17% at year-end 2020.
“We assigned our BB issue rating to the proposed securities to reflect their subordination and optional deferability,” S&P said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.