Moody's Investor Service granted struggling EchoStar a brief say from a full downgrade. (EchoStar Communications Corp securities rating)(Brief Article)

Broadcasting & Cable, May, 1997

Moody's Investor Service granted struggling EchoStar a brief stay from a full downgrade, but still dropped the DBS company to a possible downgrade from a possible upgrade in the light of the failing News Corp. merger. Although Moody's "is concerned about EchoStar's ability to obtain financing since its negotiating position with new partners is weakened by its liquidity crisis, we believe the prospects for obtaining financing are strong enough not to formally downgrade the ratings at this time."