Debt levels at Bombardier prompt Moody’s downgrade

Debt levels at Bombardier prompt Moody’s downgrade

Debt levels at Bombardier prompt Moody’s downgrade Moody’s has downgraded Bombardier’s debt to B2 from B1 and raised its probability of default from B1-PD to B2-PD amid concern of the firm’s “very high” debt levels. Cash concerns and risks connected to its CSeries jets are also part of the rating agency’s decision. Bombardier’s debt was U$9.6 billion at the end of June and second-quarter spending was $808 million compared to $424 million in the same period in 2014.