(CercleFinance.com) – Fitch Ratings announces on Thursday that it raised its long-term issuer default rating (IDR) and its debt rating for the aircraft manufacturer Airbus to ‘A-‘, against ‘BBB+’ previously, with an outlook of l ‘IDR ‘stable’.
This increase is explained by the fact that the agency expects Airbus’ EBITDA and FCF margins to stabilize in the short term at more than 13% and 2%, respectively, which will further strengthen the excellent position liquidity’ of the group.
Fitch adds that its ratings continue to reflect the robust profile of Airbus, characterized by leading positions in its markets, broad geographical and customer diversification, as well as a strong order book.
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