SES Obtains BBB Credit Rating by Fitch
Luxembourg – WEBWIRE – Friday, March 11, 2022
SES S.A. announced today that Fitch Ratings assigned a Long-Term Issuer Default Rating and senior unsecured rating of BBB with a stable outlook. Fitch has also assigned SESs subordinated hybrid securities a rating of BB+. The rating, according to Fitch, reflects SESs leading position in the global satellite sector, strong underlying free cash flow and financial flexibility.
Consistent with the groups policy to attain, and retain a credit rating from at least two rating agencies, SES has decided to withdraw its ratings from S&P Global, with immediate effect. SESs financial policy remains unchanged with a commitment to investment grade and an objective of a net debt to Adjusted EBITDA ratio below 3.3x.
The full credit rating report is available on the Fitch Ratings website.
Sandeep Jalan, Chief Financial Officer of SES, commented, We are delighted to initiate a rating with Fitch, which recognises SESs strong business profile. We are committed to maintaining a strong balance sheet while continuing to pursue our strategy to grow our footprint and leadership in the global satellite sector.
About SES
SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the worlds only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially proven, low latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the worlds leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SESs video network carries 8,400 channels and has an unparalleled reach of over 355 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.
Rannsolve, Inc. has proudly announced that it has been certified as a Disadvantaged Business Enterprise (DBE) by North Central Texas Regional Certification Agency. It is an addition to Minority Business Enterprise (MBE) and Small Business Enterprise (SBE) certification obtained earlier. DBE certification was awarded after several rigorous checks, as certain statutory requirements ought to be met. To increase overall performance, maintain a high level of quality and outstanding customer service, and create a solid foundation for sustainable development efforts, the company has developed and implemented a management system to serve larger businesses. “Now that Rannsolve has been DBE certified, we believe this will give us an edge when bidding for projects, as many government entities take DBE participation seriously. We look forward to the opportunities that we now will have access to and believe that this will also give our employees exposure to working with a wide range of projects,” said Aarthi Raj, the Chief Executive Officer of Rannsolve, Inc. About Rannsolve: Rannsolve, Inc. is a Texas-based entity that delivers cost-effective solutions, using people, process, and technologies. Rannsolve offers excellent services and solutions across a wide spectrum of business services, spanning Healthcare RCM, Document Management, Managed Services, and Software Development. Ever since their inception, they have demonstrated tremendous success in their business with continuous hard work and dedication.Rannsolve, Inc. Obtains DBE Certification from NCTRCA
Rannsolve Inc.
Ed Micaletti
972-525-1177
https://www.rannsolve.com/
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ZTE obtains ISO/IEC 27701:2019 certificate in human resource management
ZTE Corporation (0763. HK / 000063.SZ), a major international provider of telecommunications, enterprise, and consumer technology solutions for the mobile internet, announced that its human resource management activities have successfully passed the review by the British Standards Institute (BSI) and the company has obtained the ISO/IEC 27701:2019 PIMS (Privacy Information Management System) certificate in human resource management.
ISO/IEC 27701:2019 is currently one of the most authoritative privacy protection standards across the globe. Aiming to help organizations effectively protect and process the collected personal information, the standard provides strong support for organizations to meet the requirements of Chinas Personal Information Protection Law, the EU General Data Protection Regulation, as well as the data protection laws and regulations of other countries and regions.
The scope of this certification covers the human resource management activities in the charge of the Human Resources Dept. of ZTE Corporation, which include recruitment and allocation, compensation and benefits, cadre management, corporate culture, employee relations as well as multiple business fields such as the privacy protection for the human resource information system, application of laws and regulations, corporate information security, physical area security, and procurement management.
The ISO/IEC 27701:2019 certificate epitomizes the recognition of ZTEs employee privacy protection efforts by international authorities, and the achievements made by the Human Resources Dept. of ZTE Corporation in the building and operation of the personal privacy management system.
In human resource management activities, the Human Resources Dept. of ZTE Corporation needs to process a large amount of employee personal information. ZTE attaches much importance to employees personal rights and protect employee privacy, said Mr. Gu Junying, Executive Vice President of ZTE. The company has incorporated external laws and regulations into the systems and rules of corporate governance, and formulated implementable management measures in accordance with the requirements of the ISO/IEC 27701:2019. These systems and rules as well as management measures have been integrated into human resource management activities through digital tools, ensuring the security and credibility of employee information processing, and the legitimacy and compliance of process management.
Mr. Lin Jin, Managing Director of BSI Asia Pacific, said: On behalf of BSI Group, I would like to congratulate ZTEs human resources management for successfully passing the audit and obtaining the ISO/IEC 27701 privacy information management system certification. The acquisition of the ISO certificate indicates that ZTE Corporation has become the first company in the world to obtain the ISO 27701 certificate in the field of internal human resources management.
The construction of the human resources personal information protection system has achieved landmark results. It is an important manifestation of the companys protection of private information, respect for the rights and interests of employees, and fulfillment of employers responsibilities, added Mr. Lin Jin. In the future, BSI will continue to support the establishment of ZTEs excellent compliance system. We look forward to ZTEs continuous promotion of human resources data protection capabilities, and provide benchmarking demonstrations and valuable experience for the entire industry and various companies data compliance work.
Moving forward, ZTE will continue to position itself as a world-class and industry-leading company in personal data protection compliance, improve end-to-end risk management and control, and optimize system management and operation, expecting to further enhance effective system management and control, promote the employer brand, build trust, and shape the company image of employee privacy defender.
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