Bombardier CFO Bart Demosky comments on Moody’s ratings upgrade

The CFO said, “The Bombardier (BDRBF) team is proud to share that Moody’s has upgraded the company’s credit rating from B1 to Ba3, with a positive outlook. With this recent upgrade, Bombardier’s credit ratings are back in the Ba/BB category with both Moody’s and S&P for the first time in over a decade. This achievement reflects the company’s strong and consistent execution across business segments, solid financial performance and disciplined deleveraging efforts over recent years. With a robust backlog ensuring visibility on future deliveries and the continued expansion of our Services and Defense businesses, we are building diversified and resilient revenue streams that strengthen our long-term outlook. Combined with our solid financial foundation, these factors allow us to execute on our plan and deliver growth across our portfolio, while maintaining a sharp focus on delivering returns on capital. I want to extend my appreciation to the entire Bombardier team: your dedication and commitment have been instrumental in reaching this important milestone.”