Bombardier Inc. T.BBD.A

BOMBARDIER CREDIT RATING

[Shamhorish]

LAST CREDIT RATING WAS UPDATED IN july/aug 2022 with stable out look

we should expect more positve rating after mar 16, 2023 after bbd pay part of 2025 LTD

Credit ratings

RATING SERVICE	RATING	OUTLOOK	EFFECTIVE DATE
Moody’s	B3	Stable	July 15, 2022
Standard & Poor's	B-	Stable	August 23, 2022

[lb1temporary]

you're right, we could have expected an upgrade but they reaffirm their ratings at the end of january in the case of Moody's and in february for S&P.  I would be surprised if they modify them 1 month only after their last analysis.   

[Shamhorish]

Well !, but credit rating agencies base their rating on actuel fig on Mars 16, bbd will pay down (if i remember well) 4 to 500 million of 2025 LTD thus, bbd will has less debt  and that may require a credit rating update i may be wromg, but i think this merit an upgrade by rating agencies

[lb1temporary]

That the Bombardier timing problem I doesn't understand. (I already wrote about it). Bombardier pay for the rating revision (maybe 100 k$  each firms) . They did the refinancing of 750 M$ in january and ask for the rating; all before the 400 M$ reimbursment.  Unless that the agencies works with the almost released 400M$ while they did their analysis. So, I imagine that Bombardier