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.

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Bombardier Inc. > S&P Revises Outlook on Bombardier to Stable

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Comment by Jim99999on Aug 09, 2021 4:39pm

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Post# 33673427

RE:S&P Revises Outlook on Bombardier to Stable

I've been out of the loop, recently. Anyone have any info on this? Thanks

Jim

Mauserintime945 wrote:

S&P Revises Outlook on Bombardier to Stable

10:41 AM EDT, 08/09/2021 (MT Newswires) -- S&P Global Ratings on Monday revised its outlook on Bombardier Inc. (BBD-B.TO) to stable from negative and affirmed its CCC+ issuer credit rating on the company.

The company's stock remained unchanged on last look on Monday in Canada.

The rating agency lifted issue-level ratings on the company's senior notes to CCC+ from CCC, reflecting the reassessment of the recovery prospects of these obligations given a notable reduction in debt outstanding.

Also, S&P assigned its CCC+ issue-level rating to Bombardier's proposed US$750 million senior notes due 2028.

The stable outlook reflects significantly lowered debt refinancing risks as well as Bombardier's progress with improving profitability and reducing cash burn amid currently favorable industry and capital market conditions