Embraer has secured its third Investment Grade rating this year, achieving a significant milestone with Moody’s upgrading its credit rating from Ba1 to Baa3 with a positive outlook. This follows similar upgrades by S&P Global Ratings in February and Fitch Ratings in September.
Moody’s cited Embraer’s consistent improvement in credit metrics, sound financial policies, and robust liquidity as key drivers behind the upgrade. The agency emphasized the company’s operational recovery, growing order backlog, and debt reduction through strong free cash flow generation as critical factors in the positive rating shift.
Antonio Carlos Garcia, CFO of Embraer, remarked, “Our focus on efficiency and financial discipline are important differentiators, alongside our modern and competitive portfolio. These attributes ensure the success of our strategy and sustainable business growth, in addition to the strong engagement of our employees.”
Embraer’s backlog reached a nine-year high in the third quarter of 2024, totaling $22.7 billion. The company is on track to end the year with revenues between $6.0 billion and $6.4 billion, alongside an adjusted EBIT margin of 9.0% to 10.0%.
As a global aerospace leader headquartered in Brazil, Embraer is renowned for its expertise in Commercial Aviation, Executive Aviation, Defense & Security, and Services & Support. With more than 9,000 aircraft delivered since its inception in 1969, Embraer continues to solidify its position as the leading manufacturer of commercial jets with up to 150 seats and Brazil’s largest exporter of high-value goods.