Statement from Bart Demosky, Executive Vice President and CFO, Bombardier, on Moody's Ratings Upgrade to Ba3 from B1

Core Insights - Bombardier's credit rating has been upgraded by Moody's from B1 to Ba3, marking a return to the Ba/BB category for the first time in over a decade [1][2] Group 1: Financial Performance - The upgrade reflects Bombardier's strong execution across business segments, solid financial performance, and disciplined deleveraging efforts in recent years [2] - The company has a robust backlog that ensures visibility on future deliveries, contributing to diversified and resilient revenue streams [2] Group 2: Business Strategy - Bombardier is focused on expanding its Services and Defense businesses, which are integral to its long-term growth strategy [2] - The company emphasizes delivering returns on capital while executing its growth plans across its portfolio [2] Group 3: Company Overview - Bombardier designs, builds, modifies, and maintains high-performance aircraft for various sectors, including government and military [4] - The company operates a fleet of over 5,100 aircraft, supported by a global network and 10 service facilities across six countries [6]