Fitch Revises Boeing's Outlook To Negative; Affirmed Boeing's 'BBB-' Long-Term IDR And 'F3' Short-Term IDR; Fitch Says Outlook Incorporates Expectation That Boeing Could Issue New Debt To De-Risk Early-2025 Cash Flow Risks And Bolster Financial Flexibility
Portfolio Pulse from Benzinga Newsdesk
Fitch Ratings has revised Boeing's outlook to negative while affirming its 'BBB-' long-term IDR and 'F3' short-term IDR. The revision reflects expectations that Boeing may issue new debt to mitigate early-2025 cash flow risks and enhance financial flexibility.
April 26, 2024 | 6:28 pm
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Fitch Ratings revised Boeing's outlook to negative but affirmed its 'BBB-' long-term and 'F3' short-term IDRs, indicating potential new debt issuance to manage cash flow risks.
The negative outlook revision by Fitch Ratings for Boeing suggests increased financial risk and potential for new debt issuance, which could pressure the stock price in the short term due to concerns over financial stability and increased leverage.
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