Moody's says Bombardier's updated guidance for increased free cash flow usage is credit negative
Announcement: Moody's says Bombardier's updated guidance for increased free cash flow usage is credit negative. Global Credit Research- 01 Aug 2019. Toronto, August 01, 2019-- Moody's Investors Service says Bombardier Inc.' s announced revised guidance of increased free cash flow usage, lower margins at Bombardier Transportation and resultant lower EBITDA for 2019 are credit negative because the incremental negative free cash flow means Bombardier remains reliant on its...Bombardier is a manufacturer of transportation equipment. Co. carries out its operations in four segments. Aircraft is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global). Commercial Aircraft designs and manufactures commercial aircraft in the 60- to 150-seat categories and provides aftermarket support for these aircraft as well as for the 20- to 59-seat range category. Aerostructures and Engineering Services designs and manufactures aircraft structural components and provides aftermarket component repair and overhaul. Transportation delivers products and services in sustainable mobility.
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