Bombardier Inc. T.BBD.A

Nice to see...

[ITSUP2ME]

8:46 AM EST, 02/18/2022 (MT Newswires) -- S&P Global Ratings on Thursday revised its outlook on Bombardier Inc. (BBD-A.TO, BBD-B.TO) to positive from stable.

The rating agency also affirmed its CCC+ issuer credit rating on the Canadian business jet manufacturer.

Also, S&P affirmed its CCC+ issue-level rating on Bombardier's about US$7 billion ($8.89 billion) of unsecured notes and debentures.

The positive outlook reflects the agency's conviction that management can spur further profitability while expanding the business, thereby improving Bombardier's creditworthiness.

[Mauserintime945]

This news comes at just the right time a few days before the meeting of February 24, 2021.

[BBDB859]

Hey UP Can you post the Link please. I would like to read the whole report.

[clubhouse19]

https://cbonds.com/news/1431819/#:~:text=for%20Microsoft%20Excel-,S%26P%20Global%20Ratings%20revised%20outlook%20on%20Bombardier%20to%20stable%20and,Local%20Currency%20LT)%20credit%20rating&text=S%26P%20Global%20Ratings%20affirmed%20the,outlook%20to%20stable%20from%20negative.

[Acuras1]

Thanks - Its up 2 me - one of the few bloggers here who has the ability to talk and discus pertinent news about the company. Depsite the share price trading at 200 day moving average, credit upgrades is the sort of news that matters to institutions or mutual funds accumulating shares. Another positive and GLTA

[Greenday]

@ Acuras1 - Are sure that the 200 moving average isn't currently at $1.61?  

[Shamhorish]

for the last 6 month 200 day moving average = $ cdn 1.613 100 day moving average = $ cdn 1.827 50 day moving average = $ cdn 1.69 20 day moving average = $ cdn 1.70

[Greenday]

@ Shamhorish - Yes.  Those prices look accurate from the reports I've seen too.