...- Airbus SE is exhibiting a strong financial performance, despite a challenging civil aerospace operating environment caused by the lingering effects of the pandemic. - We expect that deliveries of Airbus' commercial aircraft will continue to rise, topline will grow, profitability and cash flows will remain robust and importantly, Airbus will return to an S&P Global Ratings-adjusted net cash position whilst continuing to exhibit exceptional liquidity. - At the same time, we expect that the group's helicopters and defense and space divisions will exhibit topline growth and gradual margin improvement in 2022 and 2023. - We are therefore revising our outlook to stable from negative and affirming the 'A/A-1' ratings. - The stable outlook on Airbus reflects our view that the group will continue to benefit from positive demand with increasing deliveries over the next two years. Our view is that the group will at the same time maintain considerable financial flexibility at the current rating level,...
