Fitch Ratings lowered its debt outlook for Boeing Co to 'negative' fro...
) to “negative” from “stable” on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets’ return to service.
Fitch, however, stuck to its investment grade credit rating of ‘A’/‘F1’ on Boeing debt, saying the company has substantial liquidity, financial flexibility, low leverage, access to capital markets and revenue diversification. As of March 31, Boeing had total debt of $14.7 billion according to Refinitiv data, and Fitch said it estimated that consolidated debt for the company would rise by almost $10 billion to nearly $24 billion in 2019.
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