Reported 4 months ago
Bombardier Inc.'s bonds are on the rise following a second credit upgrade since early May, as the private jet manufacturer works to reduce its debt. S&P Global Ratings upgraded Bombardier to B+ from B with a stable outlook, citing ongoing deleveraging and sufficient liquidity. Moody's had previously upgraded the firm on May 2. Bombardier's financial standing has improved significantly, with the company recently selling $750 million of junk bonds to refinance debt.
Source: YAHOO