Moody's changes Airbus view to positive

Moody's Ratings said it affirmed Airbus SE's senior unsecured and short-term issuer ratings at A2 and P-1, respectively. Concurrently, Moody's affirmed Airbus’ senior unsecured MTN program rating at (P)A2, its commercial paper rating at P-1, the backed senior unsecured ratings at A2 and the baseline credit assessment as at a3.

The outlook has been changed to positive from stable.

“The positive outlook reflects our expectation that Airbus will continue to show strong operating results as it executes on its large aircraft backlog and increases production rates and deliveries,” Moody’s said in a news release.

“The outlook is also conditional upon Airbus maintaining a strong liquidity profile, which includes its target to preserve the €10 billion net cash position.”

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