Statement from Bart Demosky, Executive Vice President and Chief Financial Officer, Bombardier, on Moody’s Ratings Upgrade to Ba2 from Ba3, While Maintaining a Positive Outlook

Rhea-AI Summary

Bombardier (BDRBF) announced that Moody’s upgraded its corporate credit rating from Ba3 to Ba2 and maintained a positive outlook. According to Bombardier, this is Moody’s second upgrade for the company in the past 12 months and reflects consistent operational performance, deleveraging efforts, earnings growth, free cash flow generation and increased revenue diversification through Services and Defense.

Bombardier added that the upgrade is supported by a strong backlog and growth prospects across all business lines and views it as a key milestone in strengthening its financial profile and creating long-term stakeholder value. The company credited its global workforce and continued execution of strategic priorities for this progress.

Positive

• Moody’s rating upgrade from Ba3 to Ba2 with positive outlook
• Second Moody’s upgrade within 12 months, signaling continued improvement
• Recognition of earnings growth, free cash flow generation and deleveraging
• Support from strong backlog and growth prospects across all business lines
• Revenue diversification through Services and Defense businesses highlighted

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MONTREAL, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Moody's upgrade of Bombardier's credit rating from Ba3 to Ba2, while maintaining a positive outlook, is a clear recognition of the progress we have made in strengthening our business and financial profile. As our second credit rating upgrade from Moody's in the past 12 months, it reflects the consistent operational performance we have delivered and our sustained focus on deleveraging over recent years, as well as our strong track record of earnings growth, free cash flow generation and continued revenue diversification through our Services and Defense businesses.

This recognition comes as we continue to benefit from a strong backlog and solid growth prospects across all our business lines. It represents an important milestone in our journey to further strengthen Bombardier's financial profile and create long-term value for all stakeholders. As we build on this momentum, we remain committed to executing with discipline against our strategic priorities.

Most importantly, this achievement is a testament to the dedication and hard work of the entire Bombardier team. Their focus on delivering excellence every day and serving our customers has been instrumental in helping us reach this milestone.

About Bombardier 

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.  

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. 

Bombardier customers operate a fleet of more than 5,200 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.      

For Information 

For corporate news and information, including Bombardier’s Sustainability report, as well as the company’s initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system visit bombardier.com. 

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier. 

Media Contacts
General media contact webform

Christina Lemyre McCraw
+1 514 497-4928
christina.lemyremccraw@aero.bombardier.com

FAQ

What rating change did Moody’s announce for Bombardier (BDRBF) on August 17, 2026?

Moody’s upgraded Bombardier’s credit rating from Ba3 to Ba2 and kept a positive outlook. According to Bombardier, this marks the second Moody’s upgrade in 12 months and reflects its operational performance, deleveraging, earnings growth and free cash flow generation.

How many times has Moody’s upgraded Bombardier’s credit rating in the last 12 months?

Moody’s has upgraded Bombardier’s credit rating twice in the past 12 months. According to Bombardier, the latest move to Ba2 with a positive outlook recognizes consistent operational performance, sustained deleveraging and a strong track record of earnings growth and free cash flow.

Why did Moody’s upgrade Bombardier (BDRBF) to Ba2 while maintaining a positive outlook?

Moody’s upgrade to Ba2 with a positive outlook reflects Bombardier’s stronger business and financial profile. According to Bombardier, key drivers include consistent operational performance, deleveraging, earnings growth, free cash flow generation and revenue diversification via its Services and Defense businesses.

What does Moody’s Ba2 rating with a positive outlook mean for Bombardier’s financial profile?

The Ba2 rating with a positive outlook marks an important milestone in strengthening Bombardier’s financial profile. According to Bombardier, it validates recent progress in reducing debt, supporting earnings and cash flow, and leveraging a strong backlog and growth prospects across all business lines.

How is Bombardier’s business mix supporting Moody’s rating upgrade to Ba2?

Bombardier cites its growing Services and Defense businesses as key to revenue diversification supporting the upgrade. According to Bombardier, diversification, together with a strong backlog and solid growth prospects, underpins the improved credit profile recognized by Moody’s Ba2 rating and positive outlook.

What factors did Bombardier highlight as contributing to its improved credit rating (BDRBF)?

Bombardier highlighted consistent operations, deleveraging, earnings growth and free cash flow as key factors. According to Bombardier, these elements, plus revenue diversification and a strong backlog, supported Moody’s decision to lift its rating to Ba2 with a positive outlook.