Fitch Rates Bombardier's Proposed Notes 'B'/'RR3'; Outlook Stable
28 FEB 2019 01:16 PM ET
Fitch Ratings-Chicago-28 February 2019: Fitch Ratings has assigned a rating of 'B'/'RR3' to Bombardier Inc.'s (BBD) planned issuance of approximately $1 billion of senior unsecured notes due 2027. Proceeds will be used to fund a tender offer for all US$850 million of outstanding 7.75% senior notes due 2020, with the remainder available for general corporate purposes including repayment of other outstanding debt. The Rating Outlook is Stable. A full list of ratings follows at the end of this release.