Moody's upgrades Bombardier Inc. credit rating to Ba2

Credit rating agency Moody's has upgraded Bombardier Inc.'s credit rating from Ba3 to Ba2, while maintaining a positive outlook. This marks the second credit rating upgrade for Bombardier by Moody's within the past 12 months.

The rating agency's decision reflects Bombardier's progress in strengthening its business and financial profile. The company has demonstrated consistent operational performance, a focus on deleveraging, earnings growth, and free cash flow generation. Revenue diversification through its Services and Defense businesses has also contributed to its financial standing.

Bombardier's strong backlog and solid growth prospects across all its business lines support the credit rating upgrade. The company views this as an important milestone in its journey to further enhance its financial profile and create long-term value for stakeholders. Bombardier stated it remains committed to executing its strategic priorities with discipline.

Bombardier designs, manufactures, modifies, and maintains aircraft for corporate, government, and military customers. The company supports a global fleet of over 5,200 aircraft and operates manufacturing facilities in Canada, the United States, and Mexico.