Bombardier boosted by S&P upgrade

Bombardier said an upgrade by S&P Global Ratings reflects its “solid plan and financial discipline, as well as to the commitment of its talented teams”. S&P on May 1 lifted its credit rating for Bombardier from B- to B, citing “solid execution, successful deleveraging efforts, backlog stability and effective management of supply chain risks”, according to Bombardier The upgrade “reflects the company’s positive trajectory toward its objectives”, said Bart Demosky, executive vice president and chief financial officer. The S&P announcement followed the Canadian private jet maker’s  reporting of “positive net income as well as higher year-over-year revenues and profit margins”