Moody's upgrade to B1 An improvement in credit rating generally results in a reduction in borrowing costs. At Moody's, the Quebec multinational's rating rose to B1, from B2 previously.
“This reflects Bombardier's continued progress in reducing its debt, increasing its profits and its ability to generate liquidity,” said analyst Jamie Koutsoukis in a report released Thursday.
a translation from La Presse.
Confirmation on the sites of Bombardier and Moody's.
We are at 4 notches below the investment grade ( Baa3)