Embraer S.A.: Update following the change in Brazil's outlook to stable from negative
Our credit view of Embraer S.A., reflecting the rating action following the change in the outlook on Brazil's government bond rating to stable from negative.Embraer is a commercial aircraft manufacturing group. Co. is engaged in the development, production export and sale of commercial jet and propeller aircraft and in the provision of related support services, principally to the commercial airline industry worldwide. Co. is a supplier of defense aircraft for the Brazilian Air Force, and has supplied aircraft to armed forces in Europe, Asia, the U.S. and Latin America. Co. has also developed a line of executive jets and launched new executive jets in the entry-level, light, ultra-large and mid-light/mid-size categories. Co.'s aircraft models include ERJ's, EMB's, Super Tucano, F-5BR, AMX-T jet fighter, Legacy 600, the Phenom and others.
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