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The following is a statement from Bart Demosky, executive vice-president and CFO, Bombardier.
“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.”
This press release was prepared and distributed by Bombardier.
