Bart Demosky, Executive VP, Issues Key Statement
The recent credit upgrade for Bombardier marks a significant achievement for the company. Moody’s has elevated Bombardier’s credit rating from B1 to Ba3, accompanied by a positive outlook. This upgrade signifies a return to the Ba/BB category for the first time in over ten years, a notable milestone in the company’s financial journey.
Bart Demosky on Bombardier’s Recent Credit Upgrade
Bart Demosky, Executive Vice President of Bombardier, emphasized the relevance of this upgrade. It reflects the firm’s robust performance and strategic initiatives. The company’s credit ratings have improved with both Moody’s and S&P, thanks in part to consistent execution across various business segments.
Factors Contributing to the Upgrade
- Strong financial performance
- Disciplined deleveraging efforts
- Expanding Services and Defense business
- Solid backlog ensuring future deliveries
These factors have helped Bombardier build diversified and resilient revenue streams. The solid financial foundation enables the company to pursue its growth plans while focusing on capital returns.
Recognition and Achievements
In recognition of its excellence, Bombardier received the “Red Dot: Best of the Best” award for Brands and Communication Design in 2024. This accolade underscores Bombardier’s commitment to quality and innovation in aviation.
About Bombardier
Bombardier specializes in the creation and maintenance of high-performance aircraft, catering to a clientele that includes businesses, governments, and military operations. The company’s fleet comprises over 5,100 aircraft, supported by ten service facilities in six countries.
With manufacturing bases in Canada, the United States, and Mexico, Bombardier prioritizes innovation and sustainability. They are dedicated to utilizing Sustainable Aviation Fuel (SAF) through the Book-and-Claim system to enhance environmental responsibility.
Contact Information
For additional corporate news and details regarding Bombardier’s sustainability initiatives, please visit El-Balad. The media contacts for further inquiries include:
- Francis Richer de La Flèche, Vice President, Financial Planning and Investor Relations, +1 514 240-9649
- Mark Masluch, Senior Director, Communications, +1 514 855-7167
