Statement from Bart Demosky, Executive Vice President and CFO, Bombardier, on S&P’s Global Ratings Upgrade to BB- from B+

Core Insights - Bombardier's credit rating has been upgraded to BB- from B+ by S&P Global Ratings, indicating strong financial performance and effective management strategies [1] - The company has maintained a positive financial trajectory, achieving consistent credit upgrades and solid execution across its business segments [2] - Bombardier emphasizes its commitment to diversifying revenue streams and investing with a focus on return on capital [3] Financial Performance - The upgrade in credit rating reflects Bombardier's robust financial performance, effective deleveraging efforts, and increased liquidity [1] - The company has a strong backlog that provides visibility on future deliveries, contributing to its positive financial outlook [2] Business Strategy - Bombardier is focused on diversifying its revenue through growth in Services and Defense businesses, alongside a market-leading product portfolio [2] - The company aims to continue its sustainable growth and stability by meeting commitments and controlling factors within its operations [3] Company Overview - Bombardier designs, builds, modifies, and maintains high-performance aircraft for various sectors, including businesses and governments [4] - The company operates a fleet of over 5,100 aircraft, supported by a global network and multiple service facilities [6] Innovation and Sustainability - Bombardier is committed to pioneering the future of aviation by innovating for reliability, efficiency, and sustainability [5] - The company is also focused on utilizing Sustainable Aviation Fuel (SAF) in its operations [7]