Moody’s again affirmed its Caa1 rating on Intelsat after Intelsat...
Moody’s again affirmed its Caa1 rating on Intelsat after Intelsat issued new senior notes due with interest rates starting at 9-1/4 percent and due in 2016. Similar refinancing notes were issued last month (CD June 25 p12). Intelsat’s recent…
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purchase by its second private-equity ownership made the actions necessary. “With no change to the credit profile of the company expected to occur over the near term, the outlook continues to be stable,” Moody’s said.