Statement from Bart Demosky, Executive Vice President and CFO, Bombardier, on Moody’s Ratings Upgrade to B1
May 03 2024 - 5:30AM
The entire Bombardier team is proud to celebrate Moody’s rating
upgrade announced yesterday. This most recent upgrade places
Bombardier at a B1 rating with a stable outlook and reflects the
company’s consistent performance to date throughout its turnaround.
As we outlined in our 2024 Investor Day this week, we have a strong
foundation upon which to keep improving key balance sheet metrics.
Bombardier continues to build its resilience through growth
pathways that thoughtfully diversify revenue streams all while
creating additional margin and cash upside. Dynamic businesses like
Services and Bombardier Defense not only add value to our company,
but they do so by offering our customers unique and flexible
solutions.
We have created a lot of momentum, that is well embodied in the
launch of our new forward-looking brand identity. Over the past
years, Bombardier team members across our various businesses have
executed to plan to near perfection, intently focused on what we
control. This approach continues to raise us to higher altitudes of
performance on debt reduction, earnings and positive free cash flow
generation.
About Bombardier
At Bombardier (BBD-B.TO), we design, build, modify and maintain
the world’s best-performing aircraft for the world’s most
discerning people and businesses, governments and militaries. That
means not simply exceeding standards, but understanding customers
well enough to anticipate their unspoken needs.
For them, we are committed to pioneering the future of
aviation—innovating to make flying more reliable, efficient and
sustainable. And we are passionate about delivering unrivaled
craftsmanship and care, giving our customers greater confidence and
the elevated experience they deserve and expect. Because people who
shape the world will always need the most productive and
responsible ways to move through it.
Bombardier customers operate a fleet of approximately 5,000
aircraft, supported by a vast network of Bombardier team members
worldwide and 10 service facilities across six countries.
Bombardier’s performance-leading jets are proudly manufactured in
aerostructure, assembly and completion facilities in Canada, the
United States and Mexico.
For Information
For corporate news and information, including Bombardier’s
Environmental, Social and Governance report, as well as the
company’s plans to cover all its flight operations with a
Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim
system visit bombardier.com.
Media Resources
Francis Richer de La FlècheVice President, Financial Planning and
Investor RelationsBombardier+1 514 240-9649 |
Mark MasluchSenior Director, CommunicationsBombardier+1 514
855-7167 |