Caisse investment does not impact Bombardier ratings: Moody's
The Caisse de dépôt et placement du Québec's US$1.5 billion investment in Bombardier Inc's rail business this week has "no impact on the company's ratings at this time," Moody's Investors Service said. While the deal is "another shot in the arm for Bombardier", it imposes incremental financial leverage, the rating agency said. On the other hand, combined cash infusions from the Caisse and the Québec government have helped "to mitigate further downward rating pressure."
20 November 2015•2 mins read
