Moody's Upgrades Bombardier to 'Positive'
Bombardier Inc.’s (BDRAF.PK) outlook was upgraded to “positive” from “stable” by Moody’s Investors Service Wednesday, affecting roughly $4-billion of debt.
Strong international demand and a record backlog at the Montreal manufacturer were behind the upgrade, the New York-based ratings service said, adding that the company was well-positioned to improve its revenue growth, profitability, and cash flows.
Bombardier’s sizable backlog in each of its two business segments positions the company for further growth and margin improvements beyond the gains achieved in fiscal 2008,” Darren Kirk, Moody’s lead analyst, said announcing the upgrade. In addition, Moody’s affirmed its Ba2 corporate family, Ba2 senior unsecured and SGL-2 liquidity ratings.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Nickle in a Pickle
- How the Fannie / Freddie Announcement Impacts Forex, M&A
- Economic Outlook: Bracing for a Rocky Road?
- Buy, Sell or Hold: Nucor Is No Falling Knife
- India Overview: Inflation, Exports, the Trade Deficit, the Rupee and FX Reserves
- LDK Solar: A New Business Model
- Full list of Editor's Picks »
- A First Look Inside the Fannie / Freddie Bailout Plan »
- What Will Fannie / Freddie Mean for Monday? »
- $300/Barrel Oil Is Coming - Barron's Interview »
- Fannie and Freddie: 80% Dilution »
- Bill Ackman's Letter to Paulson On Restructuring Plan »
- Rescuing Frannie »
- Stocks to Watch On Monday, Sept. 8 »
- Freddie/Fannie Plans In Motion; Why Are They Being Underplayed? »
- Don't Believe the Gold Bears' Hype »
- A Closer Look at the Treasury's GSE Preferred Stock Purchase Plan »
- Fannie, Freddie Headed for Conservatorship »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Stock Analysis: Nucor
- Buy, Sell or Hold: Nucor Is No Falling Knife
- Lower Your Solar Electricity Costs with First Solar
- LDK Solar: A New Business Model
- Why I Don't Want Samsung to Acquire SanDisk
- ADC Telecom a Buy On Valuation
- As Energy Stocks Get Clobbered, Look Out for Bargains
- Ride Out the Recession with Activision Blizzard
- $300/Barrel Oil Is Coming - Barron's Interview
- Nokia Is the Smart(phone) Bet - Barron's
- Full list of Long Ideas »
- Short Financial ETFs: Watch Out for the Fannie/Freddie Effect
- Nuance Communications: An End to Acquisitive Growth
- Short Interest Rising in Tesoro; Shorts Covering Airline Positions
- Harbinger Capital: Cut Short
- Not Much Meat on Pilgrim's Pride's Bones
- Salesforce.com: Demystifying the Force
- Should We Listen to Boone Pickens on Oil?
- Three Reasons Solar Sell-off May Be in Early Innings
- Is the Market Rolling Over?
- Solar and Oil, Part Deux
- Full list of Short Ideas »
- Fed Should Cut Rates - Cramer's Mad Money (9/5/08)
- Bullish on Wachovia - Cramer's Lightning Round (9/5/08)
- Worst Downgrades - Cramer's Stop Trading! (9/5/08)
- Pimco's Bill Gross: Jim Cramer Is 'Courageous' and 'Entertaining'
- Cramer Sees the Light - Cramer's Mad Money (9/4/08)
- Keep Buying Big Brown - Cramer's Lightning Round (9/4/08)
- Don't Buy These Bonds - Cramer's Stop Trading! (9/4/08)
- Loss of Integrity - Cramer's Mad Money Recap (9/3/08)
- Not Off the RIMM - Cramer's Lightning Round (9/3/08)
- Unbelievable Moves - Cramer's Stop Trading! (9/3/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »


