ERJ Embraer SA

Embraer investment grade rating reaffirmed by S&P

São José dos Campos, Brazil, April 20, 2016 – Standard & Poor’s Ratings Services (S&P) reaffirmed its "BBB" rating for Embraer yesterday, which corresponds to investment grade. The same rating ("BBB") applies to debt issued abroad. The Company was also removed from the agency’s CreditWatch negative classification, completing the review process of Embraer’s credit rating. The CreditWatch designation is an advisory that the credit agency is re-evaluating the credit ratings of the issuer’s debt obligations .

In its report, S&P stated that Embraer continues to present strong financial metrics supported by its fairly stable cash generation and low debt levels. The company's ratings, the agency commented, reflect a strong market position and an efficient product portfolio, which has resulted in improving contracted backlog while the company develops new products in the commercial, executive,and defense segments.

It is the second credit rating agency to assign an investment grade rating to Embraer this month - on April 4, Fitch also issued an investment grade rating for Embraer.

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About Embraer

Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.

Embraer is the leading manufacturer of commercial jets up to 130 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.