Bombardier CFO says S&P upgrade underscores ‘robust financial performance’

CFO Barty Demosky said, “Bombardier (BDRBF) is proud that S&P Global Ratings has upgraded the company’s credit rating to BB- from B+, with a stable outlook. This upgrade underscores Bombardier’s robust financial performance and strategic management, reflecting our solid execution across business segments, effective deleveraging efforts and increase in liquidity. Over the past years, Bombardier has maintained a positive financial trajectory and unwavering discipline, leading to consistent credit upgrades. We have steadily reached our objectives and grew the company in line with our plan. We now look to the future with confidence, knowing we have solid financial foundations, a strong backlog providing visibility on future deliveries, diversification through growth of Services and Defense businesses, as well as a market-leading product portfolio that continues to see strong demand. Our positive results reflect our focus on what we control and meeting commitments. We will continue to diversify our revenue streams, grow our bottom line and invest with a return on capital mindset. I want to extend my heartfelt gratitude to our team members, whose dedication and passion have been instrumental in bringing our plan to life to ensure Bombardier’s sustainable growth and stability.”