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Bombardier Inc. Ratings Placed on CreditWatch Negative From Difficulties in U.S. Air Industry Sep 04
Standard & Poors, Sep 2004
Abstract
TORONTO (Standard & Poor's) Sept. 13, 2004--Standard & Poor's Ratings Services today said it placed its ratings, including the 'BBB-' long-term corporate credit ratings, on transportation equipment manufacturer Bombardier Inc. (Bombardier) and its subsidiaries, Bombardier Capital Ltd., Bombardier Coordination Center S.A., Bombardier Luxembourg Finance S.A., and Bombardier Capital Funding L.P., on CreditWatch with negative implications. 'The CreditWatch placement reflects the continuing deterioration in the U.S. airline sector that could impair further Bombardier's ability to restore its profitability,' said Standard & Poor's credit analyst Kenton Freitag. Bombardier's financial results have been weak for the ratings category and maintenance of its rating is dependent on a recovery in margins and cash generation. These concerns and the uncertainty related to the U.S. airline...
Companies mentioned in this report are: Bombardier Inc.,Delta Air Lines Inc.,US Airways Inc.,Bombardier Capital Inc.,Bombardier Capital Funding LP
Action: On CreditWatch:Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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