Bombardier (BDRBF) back in Ba/BB tier as Moody’s lifts rating to Ba3 after over a decade

Bombardier (OTC: BDRBF) said on Dec 1, 2025 that Moody’s upgraded its corporate credit rating to Ba3 from B1 with a positive outlook. The company noted that its ratings are now back in the Ba/BB category with both Moody’s and S&P for the first time in over a decade. Management attributed the upgrade to strong execution across business segments, solid financial performance, disciplined deleveraging, a robust backlog that supports future deliveries, and expansion of Services and Defense businesses. The company said these factors strengthen diversified revenue streams and its ability to execute on growth plans while focusing on returns on capital.
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Positive
- Moody’s upgraded credit rating to Ba3
- Ratings now in Ba/BB category with Moody’s and S&P for the first time in >10 years
- Company cites robust backlog and expansion of Services and Defense businesses
12/01/2025 – 07:30 AM
MONTREAL, Dec. 01, 2025 (GLOBE NEWSWIRE) — The Bombardier team is proud to share that Moody’s has upgraded the company’s credit rating from B1 to Ba3, with a positive outlook. With this recent upgrade, Bombardier’s credit ratings are back in the Ba/BB category with both Moody’s and S&P for the first time in over a decade.
This achievement reflects the company’s strong and consistent execution across business segments, solid financial performance and disciplined deleveraging efforts over recent years. With a robust backlog ensuring visibility on future deliveries and the continued expansion of our Services and Defense businesses, we are building diversified and resilient revenue streams that strengthen our long-term outlook. Combined with our solid financial foundation, these factors allow us to execute on our plan and deliver growth across our portfolio, while maintaining a sharp focus on delivering returns on capital.
I want to extend my appreciation to the entire Bombardier team: your dedication and commitment have been instrumental in reaching this important milestone.
About Bombardier
At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.
For them, we are committed to pioneering the future of aviation — innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.
Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.
For Information
For corporate news and information, including Bombardier’s Sustainability report, as well as the company’s initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system, visit bombardier.com.
Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.
Media Contacts
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Francis Richer de La Flèche
Vice President, Financial Planning and Investor
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+1 514 240-9649Mark Masluch
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Bombardier
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FAQ
What did Bombardier (BDRBF) announce on December 1, 2025 about its credit rating?
Bombardier announced Moody’s upgraded its rating to Ba3 from B1 with a positive outlook on Dec 1, 2025.
How does the Moody’s upgrade affect Bombardier’s rating status with S&P for BDRBF?
The company said its ratings are now back in the Ba/BB category with both Moody’s and S&P for the first time in over a decade.
What reasons did Bombardier give for Moody’s upgrade of BDRBF?
Management cited strong execution, solid financial performance, disciplined deleveraging, and a robust backlog plus Services and Defense expansion.
Does the Moody’s upgrade include a change in outlook for Bombardier (BDRBF)?
Yes, Moody’s assigned a positive outlook alongside the upgrade to Ba3.
What near-term impacts did Bombardier say the upgrade will have for BDRBF shareholders?
The company said the upgrade reflects stronger financial footing and diversified revenue streams that support execution and returns on capital.
When did Bombardier say it last had ratings in the Ba/BB category with both agencies before 2025?
Bombardier said this is the first time in over a decade that ratings are back in the Ba/BB category with both Moody’s and S&P.




