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Analysts bullish on SES

Analysts are bullish on satellite services provider SES’s growth prospects.

Credit ratings specialists Moody’s lifted its rating on SES to stable from negative, citing its “expectation that SES can continue to grow its EBITDA on the back of its medium-term revenue growth”. The ratings agency added: “Moody’s believes revenue growth will be aided by additional revenues from ongoing investment in incremental transponder capacity and should be broadly in line with guidance.”  SES has said it will grow register a compound annual growth rate of 5% between 2009 and 2012.