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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Industrials Aerospace & Defense
Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bombardier Inc. > $$$$Fitch Affirms Bombardier at 'CCC'$$$$
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Comment by Shamhorishon Feb 23, 2021 10:54am
178 Views
Post# 32636496

RE:$$$$Fitch Affirms Bombardier at 'CCC'$$$$

RE:$$$$Fitch Affirms Bombardier at 'CCC'$$$$at least there is something positive in their rating

" Fitch has also upgraded BBD's senior unsecured notes to 'CCC+'/'RR3' from 'CCC'/'RR4'

and affirmed preferred shares at 'CC'/'RR6'.

The upgrade of BBD's senior unsecured notes reflects an increase in Fitch's estimated recovery for senior unsecured notes following the repayment of a $750 million secured term loan effective Feb. 19, 2021.

Bombardier had approximately $10 billion of debt outstanding at Dec. 31, 2020. Fitch has simultaneously withdrawn the ratings.
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