S&P affirms Embraer

Standard & Poor's said it affirmed its BBB long-term corporate credit rating on Embraer SA. The outlook remains stable.

The rating affirmation reflects S&P's expectations that the company will continue holding a leading position in the commercial aviation segment mainly due to a portfolio of products with superior operating efficiency than of its peers (lower operating costs for customers).

The affirmation also reflects the company's improving position in the executive aviation segment, as demand is expected to continue to gradually recover in the next few years. Furthermore, S&P said it expects the company to continue developing its commercial and executive aviation projects with internal resources, and its military project with funds from the Brazilian government without need for new debt in the next few years, maintaining strong credit metrics.

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