S&P Says Boeing Co. Ratings, Including Its 'BBB-' Issuer Credit Rating, On CreditWatch Negative On Strike-Related Financial Risk; Believe Boeing Will Likely Require Incremental Funding To Maintain Target Cash Balance, Fund Operating & Working Capital, Meet Debt Maturities
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S&P has placed Boeing Co.'s ratings, including its 'BBB-' issuer credit rating, on CreditWatch Negative due to financial risks associated with a strike. Boeing may need additional funding to maintain its cash balance, fund operations, and meet debt obligations.
October 08, 2024 | 8:00 pm
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S&P has placed Boeing's 'BBB-' credit rating on CreditWatch Negative due to financial risks from a strike. Boeing may need additional funding to maintain cash balance and meet debt obligations.
The negative CreditWatch status indicates potential downgrades, which could increase Boeing's borrowing costs and impact its financial stability. The need for additional funding suggests financial strain, likely affecting investor sentiment negatively.
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