S&P puts negative outlook on Embraer ratings

S&P puts negative outlook on Embraer ratings

Capital Markets Fixed Income Bonds Brazil US

S&P Global Ratings said on Thursday that it put a negative outlook on the credit ratings for the Brazilian aircraft manufacturer Embraer after downgrading Boeing earlier in the week. The rating agency added that it could reappraise the outlook after Embraer concludes its tie-up with its US partner and reveals the final terms and conditions of a bond transfer. "As a result of the downgrade, we see no rating upside possibility for the issue ratings on Embraer once its acquisition by Boeing is

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