Fitch upgrades Airbus

Fitch Ratings said it upgraded Airbus SE's long-term issuer default and senior unsecured ratings ratings to A- from BBB+.

“The upgrade is driven by our expectation that Airbus's EBITDA and free cash flow (FCF) margins will in the short term stabilize at above 13% and 2%, respectively, which are in line with its rating. This will further support the group's excellent liquidity position and solid leverage metrics underpinning its strong financial flexibility,” Fitch said in a press release.

“Fitch projects the EBITDA margin to remain around 13% in 2023 (12.9% in 2022), before it rises steadily to close to 14% in the next three years,” the agency noted.

The outlook is stable.

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