S&P warns of downgrade risk: Continued strike could push Boeing (BA.US) rating to junk
Generated by AI AgentMarket Intel
Wednesday, Oct 9, 2024 2:20 am ET1min read
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Boeing's ongoing strike threatens the aerospace company's credit rating, which S&P said could be downgraded to junk, as the strike is estimated to cost the company $1bn a month and burn through $10bn in cash in 2024, assuming the strike ends in the fourth quarter. The credit rating agency expects Boeing's cash balance at the end of the year to be below its $10bn target.
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