Moody's Places Boeing's Ratings On Review For Downgrade, Citing Concerns That A Prolonged Strike Could Disrupt The Early-Stage Recovery Of Its Commercial Airplanes Business; Notes 737 Max Production Increased To Nearly 30 Per Month In July And August
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Moody's has placed Boeing's ratings under review for a potential downgrade due to concerns over a prolonged strike affecting its commercial airplanes business recovery. Despite this, Boeing's 737 Max production increased to nearly 30 per month in July and August.
September 13, 2024 | 4:34 pm
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Moody's is reviewing Boeing's credit ratings for a potential downgrade due to concerns about a prolonged strike impacting its commercial airplanes business recovery. However, Boeing has increased its 737 Max production to nearly 30 per month.
The review for downgrade by Moody's suggests potential financial instability or increased risk, which could negatively impact investor sentiment and Boeing's stock price in the short term. The increased production of the 737 Max is a positive sign but may not offset the negative impact of the potential downgrade.
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