BBD


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BBD

The ISO 4217 currency code for Barbadian Dollar.

BBD

ISO 4217 code for the Barbados dollar. It was issued in 1973, replacing the East Caribbean dollar at par. Since 1975, it has been pegged to the U.S. dollar at a ratio of two BBD to one USD.
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Subsequently, BBD and Airbus reached an agreement under which Airbus would acquire a 50.
Concerns about a lack of material orders since 2Q16 was reduced when BBD announced in early November a letter of intent with a European customer, with a firm order for 31 aircraft, expected to be concluded by the end of 2017.
BA anticipates that business jet deliveries in calendar 2011 will be up slightly but that commercial aircraft deliveries will be down (roughly flat if annualized for the 11-month forecast period; BBD plans to change its year-end to Dec.
Over the long term, BBD intends to strengthen its financial position in order to reduce its cost of funds and improve its financial and strategic flexibility.
On the other hand, the Outlook could return to Stable if conditions in BBD's aerospace markets stabilize and BBD is able to reduce debt and leverage.
BBD estimates pension contributions at $336 million in fiscal 2011.
Over the long term, BBD remains focused on building a stronger capital structure and further reducing leverage, which would help reduce its cost of funds and improve the company's financial and strategic flexibility.
BBD is better positioned than in the past to adjust to the difficult operating environment due to previous debt reduction and high cash balances (BBD does not have a bank credit facility).
BBD should be able to fund its portion using internally generated cash or cash balances.
Fitch's concerns regarding the program include execution of the development and certification plan (which is a common concern for all new aircraft programs), the potential need for BBD to finance some deliveries, the supply chain, market demand, and potential competitor responses.
The debt redeemed yesterday by BBD included approximately $407 million of Euro-denominated 5.
Further production rate reductions will not necessarily lead to negative rating actions, but will be evaluated on the basis of several factors including how BBD manages the reductions and the timing and magnitude of the reductions.