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. > Nellie news...Moody upgrade...GLTAL

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Comment by flamingogoldon Apr 05, 2023 11:44am

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Post# 35381145

RE:Nellie news...Moody upgrade...GLTAL

Excellent news. Slowly, the milestones for higher and higher share prices are being met. Soon, the medium risk funds will need to start buying, which would be another big milestone.

ITSUP2ME wrote:
10:42 AM EDT, 04/05/2023 (MT Newswires) -- Moody's on Tuesday upgraded Bombardier Inc.'s (BBD-B.TO) corporate family rating to B2 from B3, its probability of default rating to B2-PD from B3-PD, and senior unsecured notes rating to B2 from B3.

The company's SGL-2 speculative grade liquidity rating remains unchanged. The outlook remains stable.

"The upgrade reflects Bombardier's continued progress in reducing debt, its continued improvement in financial performance that includes increased earnings, improved margins and positive free cash flow" Jamie Koutsoukis, Moody's analyst, said.

The Canadian business jet manufacturer's stock dropped 3% on last look on Wednesday.