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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. > Rating
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Post by Steve759on Aug 10, 2021 10:38am
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Post# 33677898

Rating

Rating
Moody's Upgrades Bombardier, Changes Outlook to Stable; Falls 1.2%
2021-08-10 10:36:26 AM ET (MT Newswires)
   
   

10:36 AM EDT, 08/10/2021 (MT Newswires) -- Moody's said Monday that it has upgraded Bombardier Inc.'s (BBD-B.TO) corporate family rating to Caa1 from Caa2, its probability of default rating to Caa1-PD from Caa2-PD, senior unsecured notes rating to Caa1 from Caa2, and assigned a Caa1 rating to its new senior unsecured notes.

The company's stock edged down 1.2% on last look on Tuesday in Canada.

The speculative grade liquidity rating remains unchanged at SGL-3, indicating adequate liquidity. The rating agency has changed the outlook on the company to stable from negative.

"The upgrade reflects Bombardier's progress in extending its debt maturity profile, including the expected notes issuance, the company's next maturity is now December 2024 which has removed near-term refinancing risk" Moody's analyst Jamie Koutsoukis said.

Price: 1.71, Change: -0.02, Percent Change: -1.16

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