Embraer investment grade rating reaffirmed by S&P

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Apr 20, 2016, 10:59 ET

SAO JOSE DOS CAMPOS, Brazil, April 20, 2016 /PRNewswire/ -- Standard & Poor's Ratings Services (S&P) reaffirmed its "BBB" rating for Embraer yesterday, which corresponds to investment grade. The same rating ("BBB") applies to debt issued abroad. The Company was also removed from the agency's CreditWatch negative classification, completing the review process of Embraer's credit rating. The CreditWatch designation is an advisory that the credit agency is re-evaluating the credit ratings of the issuer's debt obligations.

In its report, S&P stated that Embraer continues to present strong financial metrics supported by its fairly stable cash generation and low debt levels. The company's ratings, the agency commented, reflect a strong market position and an efficient product portfolio, which has resulted in improving contracted backlog while the company develops new products in the commercial, executive and defense segments.

It is the second credit rating agency to assign an investment grade rating to Embraer this month - on April 4, Fitch also issued an investment grade rating for Embraer.

Contacts:

Headquarters (Brazil)
Saulo Passos
[email protected]
Cell: +55 11 94254 4017
Tel.: +55 11 3040 1799

North America
Alyssa Ten Eyck
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Cell: +1 954 383 0460
Tel.: +1 954 359 3847

Europe, Middle East and Africa
[email protected]
Cell: +55 11 94254 4017
Tel.: +55 11 3040 1799

China
Mirage Zhong
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Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988

Asia Pacific
Nilma Missir-Boissac
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Cell: +65 9012 8428
Tel.: +65 6305 9955