Bombardier Capital

Bombardier Capital (BC) was the Bombardier division in charge of financial services. From 1973, when it was based in Colchester, Vermont, it offered financial services such as lending, leasing, and asset-management throughout the Americas. In 2001 BC restricted its loan activity to existing customers. The company, which began transitioning some services to Jacksonville, Florida in 1997, ceased taking on new consumer loans in 2001, focusing instead on loans to retailers and gradually downsizing. In November 2004 Bombardier's credit evaluation was downgraded by Moody's from "moderate credit risk" (Baa3) to "questionable credit quality" (Ba2), a below investment grade rating which impacted Bombardier Capital, although the company's transportation division was unaffected. In 2005 Bombardier sold the Inventory Finance Division of BC to GE Commercial Finance.