Transportation
Boeing’s Credit Rating on Cusp of Junk After Moody’s Downgrade
- Grader lowered firm’s senior unsecured debt rating to Baa3
- Free cash flow hindered by commercial segment underperformance
This article is for subscribers only.
Moody’s Ratings downgraded Boeing Co.’s credit score to one notch from junk as quality-control issues weigh on the planemaker’s free cash flow.
The credit grader lowered the score on Boeing’s unsecured debt to Baa3 from Baa2, according to a statement Wednesday. The rating outlook is negative.