Montreal-based Aerospace giant Bombardier, Inc. is deep within the throes of financial uncertainty.
S&P, as well as Moody's, both changed their respective outlooks from "stable" to "negative" at the outset of 2020. The family-owned French-Canadian company, long considered an aviation innovator, but one that has been highly leveraged in recent years, has received bailouts from both Her Majesty's Government (in 2017) and the province of Quebec (2015).
Their FRISK® score sunk to a "1" in January and has since stayed rock bottom, corresponding with the major bond agency rating downgrades:
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About High Risk Reports
Our High Risk Reports feature companies that are exhibiting a significantly high level of financial distress, as indicated by our proprietary FRISK® score.
The reports highlight the factors that have pushed a company's score lower on the "1" (worst) to "10" (best) FRISK® score, which is 96% accurate in predicting bankruptcy over a 12-month period. The High Risk Reports also includes analysis on financial indicators such as the company’s DBT index, stock performance, financial ratios and how it is performing relative to its industry peers.
The ultimate goal of the High Risk Report series is two-part: provide an early warning for those doing business with an increasingly distressed company and inform of the many signals that should be examined when assessing financial risks.