Moody's Changes Alstom's Outlook to Negative Amid Project Execution Concerns

11:29 PM EST, 11/09/2026 (MT Newswires) -- Moody's revised its outlook on Alstom (ALO.PA) to negative from stable, citing concerns regarding project execution issues disclosed in the company's preliminary results for the first half of fiscal 2027. In a Monday note, the rating agency said the outlook change also reflects its concerns regarding the French rail and transport equipment company's ability to restore key credit metrics to levels in line with its current rating over the next 12 to 18 months, as well as the group's "uneven" track record of project execution. Meanwhile, Moody's affirmed the long-term issuer rating of Alstom at Baa3, citing the strong commitment of the company's management to an investment-grade rating amid complexity in operations.