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Business briefs: July 30
Posted: Wed, Jul 31, 2002, 8:02 AM ET (1202 GMT)
  • Standard and Poors announced Tuesday that it has cut its rating on Orbital Sciences Corporation because of debt concerns. S&P lowered its credit rating on Orbital from B to CCC+, citing $100 million in debt with payment due in October. "Liquidity is likely adequate for day-to-day operations, but is not sufficient to make the debt payment in October," S&P noted in a release. It also lowered the rating on the debt itself from CCC+ to CCC-.
  • The launch of a European communications satellite on a Proton has been delayed to November, Space News reported Tuesday. Astra 1-K, an Alcatel Spacebus 3000 spacecraft, was to be launched in August on a Proton from Baikonur. Additional tests of several unspecified satellite components were blamed for the delay.
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news links
Thursday, November 23
Cover Story: The ultimate frontier market
The Edge Daily (Malaysia) — 1:58 am ET (0658 GMT)
Next-generation weather satellite in orbit, gets new name
Huntsville Times — 1:56 am ET (0656 GMT)
Successful First International Moon Village Workshop at ISU
International Space University — 1:53 am ET (0653 GMT)
The Short Life and Death of a Space Tourism Company
Air & Space — 1:51 am ET (0651 GMT)
Building for a Future in Space
University College Dublin Observer — 1:47 am ET (0647 GMT)


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