Leonardo S.p.A. - Fitch Research

Leonardo S.p.A.

Leonardo S.p.A. - Fitch Research
Leonardo S.p.A.
Published Nov 06, 2017
14 pages (5299 words) — Published Nov 06, 2017
Price US$ 300.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Fitch Ratings upgraded Leonardo's Long-Term Issuer Default Rating (IDR) to `BBB-' and Short-Term IDR to `F3' on 25 October 2017. The upgrade reflects the improvement in business profile and resilience, following the repositioning of the company's portfolio away from non-core areas, as well as improvements in the financial profile. The FY16 funds from operation (FFO) margin was maintained at 10.8%, and the free cash flow (FCF) margin was strong at 5.6%, despite significant market headwinds in the core helicopter division; this demonstrates the improvement in business profile, which we now consider consistent with an investment-grade rating....

  
Report Type:

Update

Company(ies)
LEONARDO S.P.A. , Leonardo US Holding, Inc.
Format:
PDF Adobe Acrobat
Buy Now

More from Fitch Research

Fitch Research—Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

About the Author


Cite this Report

  
MLA:
Fitch Research. "Leonardo S.p.A." Nov 06, 2017. Alacra Store. May 11, 2025. <http://www.alacrastore.com/fitch-credit-research/Leonardo-S-p-A-905571_report_frame>
  
APA:
Fitch Research. (). Leonardo S.p.A. Nov 06, 2017. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/fitch-credit-research/Leonardo-S-p-A-905571_report_frame>
  
US$ 300.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.