S&P Says Boeing Ratings Affirmed On Greater-than-expected Equity Issuance; Remains On CreditWatch; Says Boeing's Equity Issuance Exceeded Our Expectations & Mitigates Financial Impact Of Cash Flow Deficits Now Expected Through 2025; Boeing Has Limited Flexibility To Absorb Further Pressure On Its Cash Flow Generation That Would Delay Improvement In Its Credit Measures; Says Ongoing Boeing Strike Is A Notable Headwind But Post-strike Operational Execution Remains A Key Source Of Uncertainty
Portfolio Pulse from Benzinga Newsdesk
S&P has affirmed Boeing's ratings due to greater-than-expected equity issuance, which helps mitigate cash flow deficits expected through 2025. However, Boeing remains on CreditWatch due to limited flexibility in cash flow and ongoing strike challenges.
November 01, 2024 | 6:59 pm
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NEUTRAL IMPACT
Boeing's ratings are affirmed by S&P due to higher-than-expected equity issuance, which helps mitigate cash flow deficits. However, Boeing remains on CreditWatch due to limited cash flow flexibility and ongoing strike challenges.
S&P's affirmation of Boeing's ratings is a positive sign, but the ongoing CreditWatch status indicates potential risks. The equity issuance helps mitigate cash flow issues, but the limited flexibility and strike challenges pose uncertainties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100