Analysts adopt bleaker mood on Bombardier debt
Corporate analysts are carefully monitoring the possible implications of any new or modified Bombardier business and financial strategies under new CEO Pau
Corporate analysts are carefully monitoring the possible implications of any new or modified Bombardier business and financial strategies under new CEO Paul Tellier, who took over from Robert Brown in mid-January. He assumed office last month just as Moody’s Investors Service downgraded long-term debt ratings of Bombardier Inc., Bombardier Capital (BC) and Bombardier Capital Funding.
The downgrading was driven by “significant challenges” that face the manufacturer in adjusting to a weaker business-aircraft market and in improving finance-subsidiary performance while simultaneously reducing debts. New York-based Moody’s has also placed under review short-term debt ratings of BC and Bombardier Coordination Center.
