BRIEF-Fitch Ratings Says Prolonged Boeing Strike Could Pose Downgrade Risk

BY Reuters | CORPORATE | 09/13/24 12:12 PM EDT

Sept 13 (Reuters) -

* FITCH RATINGS: PROLONGED BOEING STRIKE COULD POSE DOWNGRADE RISK

* FITCH ON BOEING SAYS EXTENDED STRIKE COULD HAVE MEANINGFUL OPERATIONAL & FINANCIAL IMPACT, INCREASING RISK OF DOWNGRADE

* FITCH ON BOEING: BOEING MANAGEMENT WOULD LIKELY NEED TO ACCESS NEW LIQUIDITY SOURCES IN AN EXTENDED STRIKE SCENARIO TO ADHERE TO ITS CASH TARGETS

* FITCH: BOEING'S (BA) NEGATIVE RATING OUTLOOK ALSO REFLECTS OPERATIONAL AND CERTIFICATION RISKS TO ACHIEVING RUN-RATE PRODUCTION DURING 2026-2027

* FITCH ON BOEING SAYS IF CURRENT STRIKE LASTS A WEEK OR TWO,IT IS UNLIKELY TO PRESSURE RATING Source text for Eikon: Further company coverage:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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