BRIEF-Moody's Ratings Places Boeing's Ratings On Review For Downgrade
BY Reuters | CORPORATE | 09/13/24 12:40 PM EDTSept 13 (Reuters) - Moody's:
* MOODY'S RATINGS PLACES BOEING'S RATINGS ON REVIEW FOR DOWNGRADE
* MOODY'S ON BOEING: A PROLONGED STRIKE WOULD FRACTURE RECOVERY OF THE COMMERCIAL AIRPLANES BUSINESS, WHICH REMAINS IN ITS EARLY STAGES
* MOODY'S ON BOEING: BELIEVE PRODUCTION OF 737 MAX NARROWBODY INCREASED TO NEAR 30 PER MONTH FOR JULY & AUGUST
* MOODY'S ON BOEING: RATINGS COULD ALSO BE DOWNGRADED IF BOEING NEEDS TO ISSUE DEBT ALONGSIDE ANY EQUITY RAISED TO MEET ITS LIQUIDITY REQUIREMENTS
* MOODY'S: A RATINGS UPGRADE WOULD ALSO DEPEND ON BOEING IMPROVING EXECUTION ACROSS PROGRAMS, MAINTAINING STRONG CORPORATE GOVERNANCE PRACTICES
* MOODY'S: A RATINGS UPGRADE WOULD ALSO DEPEND ON BOEING MAINTAINING CONSERVATIVE FINANCIAL POLICIES Source text for Eikon: Further company coverage: