Boeing Credit Outlook Gets Gloomier as Fitch Also Turns Negative
- All three major ratings firms have plane maker just above junk
- Outlook changes, downgrades have followed first-quarter report
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Fitch Ratings became the third major credit grader to turn pessimistic on Boeing Co. as the planemaker’s crisis brings scrutiny to its balance sheet.
The ratings company lowered the outlook on its BBB- rating to negative from stable, according to a statement on Friday. S&P Global Ratings did the same a day earlier, which followed Moody’s Ratings downgrading the aerospace giant to a step above junk Wednesday after it released first-quarter results.