Embraer Gets Upgrade

Embraer Gets Upgrade

Brazil Corporate & Sovereign Strategy

S&P has raised Embraer’s rating to BBB from BBB minus, it says, based on the Brazilian’s improving performance. The aircraft manufacturer “continues to present strong financial metrics and improve its business position due to increasing diversification and competitive product portfolio. Also, the company has been able to offset cash impacts from renegotiations with clients, while maintaining an ‘exceptional’ liquidity,” the rating agency says. Even though the company's backlog decreased slightly

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