Jet maker Bombardier Inc. appears on track for a turnaround as it trims its $6.7 billion of debt and lowers its refinancing risk.
In 2022, the Montreal-based company repaid more than $750 million of its debt through slashing costs and increasing revenue, Moody’s Investors Service analyst Jamie Koutsoukis wrote in a note last week. The company has generated positive cash flow every quarter for the past year, ending the second quarter of 2022 with about $1.4 billion of cash.
The ratings firm upgraded Bombardier one notch to B3, with a stable outlook that “reflects the expectation that Bombardier will continue ...
BEIJING – The China Coast Guard (CCG) on Thursday warned the Philippine side to immediately stop its infringements, provocations and false claims after a Philippine Coast Guard vessel transported ...