by Amruth Sundarkumar | May 31, 2022 | Corporates, High Yield Bonds
Brazilian aerospace company Embraer said that it has already received sufficient orders to meet the top end of its targeted revenue range for the current financial year. It expects revenues of $4.5-$5bn for the full year 2022 and is on track to reach the number....
by Amruth Sundarkumar | Aug 16, 2021 | High Yield Bonds
Embraer reported its first quarterly profit since 1Q2018 on Friday driven by a partial recovery in travel. The aerospace manufacturer reported a net income increase to $40.5mn from a loss of -$199mn in 2Q2020. Net revenues were up 110% YoY to $1.1bn in 2Q2021 and rose...
by bondevalue | Feb 22, 2021 | Credit Ratings, High Yield Bonds
Brazilian aircraft manufacturer Embraer has been downgraded further into junk to BB from BB+ by S&P with a negative outlook due to the challenges and uncertainties faced by the aerospace and defence industry post the pandemic. Embraer’s commercial aircraft...
