...Airbus has revised its 2024 guidance but its credit quality remains solid. Despite lowering its guidance on aircraft deliveries and EBIT for 2024, we expect Airbus to maintain healthy cash flows and a comfortable net cash position, leaving solid ratings headroom. Defense players showcase their platforms and services. Governments are raising their defense budgets and modernizing their militaries in light of the continuation of the Russia-Ukraine and Israel-Hamas wars. S&P Global Ratings-rated defense issuers evidence a clear competitive advantage on many products and services, which improves profitability. We assigned our public '###+' long-term issuer credit rating on Saab AB, a Sweden- based defense company. This followed shortly after Sweden became a full member of NATO. We consider SAAB to be well placed to benefit from rising defense expenditure in Sweden and by its NATO allies....
