Embraer’s senior unsecured notes rated BBB by Fitch

Fitch has assigned a ‘BBB-‘ rating to the proposed 2027 senior unsecured notes to be issued by Embraer Netherlands, a wholly owned subsidiary of Embraer. The notes will be unconditionally guaranteed by Embraer. Proceeds from these unsecured notes, which are expected to reach a benchmark size of US$500 million to US$1 billion, will be used for general corporate purposes, including prefunding debt maturities. Fitch expects little impact on Embraer’s net debt levels. Embraer’s ratings reflect its competitive positions in the commercial and business jet markets; large backlog (US$19.6 billion) covering several years of sales; several promising defense programs; and the