Bombardier Inc. T.BBD.A

Bombardier Aviation Fitch Rating!

[johnney]

On Bombardier Aviation: Fitch Rating Toronto 15Jan.2021.
Fitch Ratings plans to withdraw the Ratings on Bombardier inc, in or about 15Feb (approximately) 30days from this release for commercial reason.

Fitch currentally rates bombardier inc. as follows.

-long term issue default Rating (IDR)'CCC'
Senior unsecured Notes 'CCC'/'RR4'
Prefered shares 'CC/RR6',

[PabloLafortune]

Last ditch attempt to hurt Bombardier.  A review of these agencies concluded that: We examine the objectivity of sovereign credit ratings by Fitch Ratings, Moody's and S&P. We observe a strong, robust and statistically significant home bias in favor of the U.S. We also show that there are no special biases towards or against different country groups

[Stb888]

I don't think it is an attempt tu hurt Bombardier but rather an acknowledgement of the debt retructuring that is coming, eg: Reasons why Moody's might withdraw a Credit Rating: Moody's may withdraw a Credit Rating for any of the following reasons: 1) (i) the information available to support the Credit Rating – whether in terms of factual accuracy, quantity and/or quality – is

[Jim99999]

The fourth reason a rating may be withdrawn is the reason that Fitch mentions in BBD's case, namely, commercial or business reasons. My understanding is that this usually means the rated firm, BBD in this case, has requested to no longer be rated. This implies to me that BBD expects their credit rating will deteriorate if they continue to be rated. As I said, that is my understanding, but

[PabloLafortune]

We'll have to agree to disagree. Fitch downgraded or warned about Bombardier at least 3 times in 2020, yet after the definitive agreement and Alstom shareholder approval and excellent Q4 on deliveries, not a peep from them #thou doesn't protest enough... you know what these guys remind me of? In a large family, there's always one kid who tattertails to mom all the mischief his sibling

[BBDB859]

I tought of that too Pablo. Thanks for the reminder. I thought that Fitch did something to get the Bomber upset, and in turn the Bomber said. "Were not giving you information". That explains why the Bomber isn't telling other Rating Agencies  not to rate them., or why they're withholding information from other Rating Agencies.

[PabloLafortune]

859, its possible they're not in the loop. Of note, they downgraded BBD August 25th and since then the 2027 bonds have rallied from the high 60's to a high of 95 on Friday...

[Rundawg]

Reading between the lines. Fitch wasn't going to upgrade its rating after Alstom sale. BBD made the strategic call that it was better (or at least not worse), to have non-rated debt, than to have relatively negatively rated debt. If you are trying to re-negotiate the debt, would you want to be arguing why fitch is wrong in its rating, or would you rather just try to sell the market on your

[Shamhorish]

can bbd REALLY ASK FITCH OR...., TO STOP RATING ITS ???

[Rundawg]

Absolutely. A rating is largely based upon future cash-flows and forecasts, which depend on the company to provide information to the rating agency. If the company doesn't supply the information, the rating agency can't rate. How do you think the rating agency makes money? They charge companies they rate a fee. The company can simply say "no thank you".

[Willy2k]

johnney   your  back!!!!!!!!!!!!!!!