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TEXT-S&P cuts GeoEye to 'B-' from 'B+'
Overview -- U.S. satellite imagery provider GeoEye received notice that a U.S. government agency has elected not to exercise its full-year option for the EnhancedView service-level agreement (SLA) due to potential funding shortfalls. -- The National Geospatial-Intelligence Agency (NGA) is proposing a three-month option for the SLA with an additional nine-month option, pending availability of funding. We believe there is heightened risk of a significant reduction of revenues from t ...
Published By: Reuters (Company news) - Tuesday, 26 June, 2012