Bombardier strongly disagrees with Moody's analysis and decision regarding the senior unsecured rating change from B2 to B3. In making this change, Moody's fails to recognize and fully value the significant progress the company has made in the past year to improve its risk profile, as reflected in their Corporate Family rating outlook upgrade from negative to stable.
Today's senior unsecured rating change is based on the structure of the $1.5 billion investment by Caisse de depot et placement du Quebec (CDPQ) announced last November, rather than any new transaction or event.
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Today's senior unsecured rating change is based on the structure of the $1.5 billion investment by Caisse de depot et placement du Quebec (CDPQ) announced last November, rather than any new transaction or event.
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