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. > By my calculation

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Comment by BBDB859on Mar 23, 2024 6:32pm

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Post# 35949078

RE:RE:RE:RE:By my calculation

Hey Temp.

The more we discuss that this management is trying to reach to an investment grade title. The more I realize that you're probably right. They just won't get there soon enough to matter. Their problem is, is that this sector is very cash reliant. So their yearly cash requirement will hinder their path.

Tempo1 wrote: They ade the good moves.
But You must be patient for an investment grade rating: look at the pace Bombardier was upgraded by Moody's:

August 2021: Upgrade to Caa1
July 2022 : Upgraded to B3
April 2023: Upgraded to B2
March 24: Confirmation of B2 for the new debt issued. I understand that the Q4 results and the recents debt moves were studied.

There are 5 additional notches to reach Baa3