by Amruth Sundarkumar | May 2, 2023 | Credit Ratings, High Yield Bonds
Bombardier was upgraded to B from B- by S&P citing “solid operational and financial execution” that should “support sustainable deleveraging”. Bombardier exceeded its targets for revenue, earnings, free cash flow, and debt repayment through...
by Amruth Sundarkumar | Apr 5, 2023 | Credit Ratings, High Yield Bonds
Bombardier was upgraded to B2 from B3 by Moody’s on the back of “continued progress in reducing debt, [and] its continued improvement in financial performance”. Improved earnings, margins and positive free cash flows were all part of the overall...
by Amruth Sundarkumar | Aug 24, 2022 | Corporates, Global
Canadian plane manufacturer Bombardier was upgraded to B- from CCC+ with a stable outlook by S&P due to its deleveraging and strong business jet demand. S&P sees market conditions for aircraft OEMs to remain supportive due to tight supply for new aircrafts,...
by Amruth Sundarkumar | Aug 5, 2022 | Corporates, Global
Canadian plane maker Bombardier reported a Q2 adjusted loss of $38mn, narrowing from a loss of $137mn last year. This was attributed to a 41% YoY increase in its adjusted EBITDA of $201mn driven by continued progress on strategic priorities. Adjusted EBITDA margins...
by Amruth Sundarkumar | May 6, 2022 | Corporates
Montreal-based planemaker Bombardier reported an Q1 adjusted loss of $69mn, narrowing from a loss of $173mn in Q1 2021. This was on the back of a 36% YoY jump in its adjusted EBITDA of $167mn that the company attributed to “Global 7500 margin expansion,...
