Fitch On Boeing Says Has Also Affirmed Company's Long-Term Unsecured Notes And Revolvers At 'BBB-' And CP Program At 'F3'; Negative Outlook Reflects Boeing's Heightened Execution Risks Over Next 1-2 Years; Forecasts Around Low-400s 737max Deliveries In 2024 And Expects Production Rate To Remain Constrained Below 20 Per Month For H1
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Fitch Ratings has affirmed Boeing's long-term unsecured notes and revolvers at 'BBB-' and its Commercial Paper (CP) program at 'F3', maintaining a negative outlook. This reflects heightened execution risks for Boeing over the next 1-2 years. Fitch forecasts around low-400s 737MAX deliveries in 2024 and expects the production rate to remain constrained below 20 per month for the first half of the year.
April 26, 2024 | 6:28 pm
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Fitch Ratings has affirmed Boeing's credit ratings but maintains a negative outlook due to execution risks, forecasting low-400s 737MAX deliveries in 2024 with production constraints.
The negative outlook from Fitch Ratings, due to heightened execution risks and production constraints for the 737MAX, could lead to investor concern over Boeing's future performance and financial health. This may negatively impact Boeing's stock price in the short term as the market reacts to these challenges and the potential for delayed financial recovery.
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