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Moody's: GeoEye view positive
Moody's Investors Service said it confirmed the ratings of GeoEye Inc. and changed the outlook to positive following the announcement that DigitalGlobe, Inc. will acquire the company for stock and assumption of debt.
In addition, due to the receipt of the $111 million cost share payment earlier this month from the National Geospatial-Intelligence Agency, Moody's said it upgraded the company's liquidity rating to SGL-3 from SGL-4, indicating adequate liquidity as the company now has greater cash balances to continue the construction of its Geoeye-2 satellite.
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