Post by
Tempo1 on Nov 12, 2023 6:06pm
S&P upgrades AC rating to BB-
From CIBC Aerospace weekly
S&P Upgrades AC’s Issuer Credit Rating
S&P Global Ratings raised AC’s issuer credit rating one notch from B+ to BB-, took up the issue level rating of AC’s secured debt from BB- to BB+, and raised issue-level ratings of several of AC’s enhanced equipment trust certificates. The rating agency noted that favourable pricing and traffic growth this year has contributed to lower debt levels and stronger sustained credit measures for AC. The rating agency maintains its positive outlook on AC. AC continues to prioritize its FCF toward deleveraging its balance sheet. At the end of Q3, its leverage ratio was 1.4x and we see the company exiting 2024 at ~1x.
Note from Tempo1: Moody's has upgrades Ac rating at Ba2 (one notch over the S&P) last october.
Comment by
TradeForex on Nov 14, 2023 12:49pm
What happened to the board anal-yst predicting futher downgrades? So odd, JohnTory disappeared from this board at the same time acidTROLL disappeared from the Stocktwits AC board.....Hmmmmmm