Statement from Bart Demosky, Executive Vice President and CFO, Bombardier, on S&P’s Global Ratings Upgrade from B to B+

MONTRÉAL, June 05, 2024 (GLOBE NEWSWIRE) -- Bombardier is proud to share that S&P Global Ratings has upgraded the company’s credit rating from B to B+, while maintaining a stable outlook. This most recent upgrade highlights Bombardier’s strength and resiliency, as well the effectiveness of our team’s strategic and disciplined financial management, which has allowed us to steadily meet or exceed the company’s guidance for the past three years.

S&P’s latest upgrade comes on the heels of Moody’s recent upgrade of Bombardier’s credit rating to B1 with a stable outlook. This further demonstrates the company’s strengthened financial profile, which is built on a strong and diversified backlog that continues to provide solid ground for the team to stand on and gives us a clear line of sight on our deliveries for the upcoming years.

I want to underscore once again the crucial and foundational work that Bombardier has accomplished in recent years by prioritizing debt reduction and boosting liquidity all while building the company’s resiliency through the organic diversification of our revenue streams, including with our Services and Defense business segments.

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 .

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