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Hughes Satellite Systems Corporation -- Moody's upgrades Hughes Satellite's CFR to Ba3; outlook stable

Moody's Investors Service (Moody's) upgraded Hughes Satellite Systems Corporation's (Hughes) corporate family rating (CFR) to Ba3 from B1. At the same time, the company's probability of default rating (PDR) was upgraded to Ba3-PD from B1-PD, its senior secured rating was upgraded to Ba1 from Ba2, and its senior unsecured notes rating was upgraded to B2 from B3. Hughes' speculative grade liquidity rating was affirmed at SGL-1 (very good) and the outlook was changed to stable from positive.