This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

Bond Market News

Bombardier Upgraded to B+ by S&P

June 5, 2024

Corporates
High Yield Bonds

Bombardier and its senior unsecured debt have been upgraded by a notch, to B+ from B by S&P. The upgrade reflects Bombardier’s continued deleveraging and ample liquidity. S&P estimates that Bombardier is on track to achieve a debt-to-EBITDA ratio of about 4.2x by end-2025 and that its annual free cash flow will increase to ~$500mn by 2025, as working capital normalizes and EBITDA continues to grow. The company has met its delivery guidance since 2020 and continues to execute well against its sizable order backlog ($14.9bn as of March 2024). The most significant opportunity for the company lies in aftermarket services segment where the company has successfully expanded in the recent years, according to S&P.

Bombardier’s bonds traded stable with its 7.875% 2027s at 100.26 cents on the dollar, yielding 4.6%

Share this

Looking for more ?

Curated global bond market news - delivered to your inbox everyday.

Go back to Latest bond Market News

Related Posts:

Bed Bath Downgraded to CCC by S&P

August 23, 2022

Shimao Proposes Repaying $11.8bn Offshore Debt Over 3-8 Years; Cinda to Buy 50% Sunac Venture Stake

August 26, 2022

Country Garden, CIFI and Seazen’s Dollar Bonds Extend Gains

September 1, 2022

Our Awards

BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.

Disclaimer

Cookies Policy

Security

Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960

Bond Market News

Bombardier Upgraded to B+ by S&P

CorporatesHigh Yield Bonds

Looking for more ?

Corporates
High Yield Bonds