Fitch cuts Bombardier

Fitch Ratings said it has downgraded the issuer default rating and long-term ratings for Bombardier Inc. to BB- from BB.

The outlook is stable.

The downgrade of Bombardier's ratings reflects Fitch's expectation that future improvements in negative free cash flow and high leverage will occur later than anticipated as a result of the announcement that entry into service for the CSeries will be delayed into the second half of 2015.

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