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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (75262)	1/20/2020 9:10:48 AM
From: Goose94	Read Replies (1) \| Respond to of 203031

Boeing (BA-NY) Fitch Ratings downgraded Boeing's long-term credit ratings Friday to "A-" from "A," citing risk on the timing of the 737 Max's return to service. The global ratings agency saying that the Max problem has reduced the planemaker's financial cushion, leaving it more exposed to unforeseen events. The "A" category represents high credit quality with expectations of low default risk. Fitch expects Boeing's debt to rise in the first and second quarters of 2020 and potentially peak at more than $32-billion to $34-billion (all figures U.S.). It expects the debt to nearly double to around $27-billion in 2019. Bloomberg adds that the downgrade comes shortly after Boeing said it was dealing with a new software problem discovered last weekend during a technical review of the proposed update to the grounded 737 Max, a potential further delay of the plane's return to service.