Moody's Ratings has upgraded the long-term corporate family rating for Eutelsat Communications SA to Ba3 from B2, assigning a stable outlook. The decision was prompted by Eutelsat's recent capital increase, which established the French government as the largest shareholder with a 29.65% stake, leading Moody's to classify the company as a Government-related Issuer. The upgrade and stable outlook also consider the anticipated improvement in Eutelsat's credit metrics following the capital raise. This rating action is a standard part of business for Moody's Investors Service, demonstrating its ongoing evaluation of corporate creditworthiness in response to significant changes in a company's financial and ownership structure.