S&P areas Boeing’s rating on CreditWatch unfavorable as strike drags out

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(Reuters) -Global rankings firm S&P claimed on Tuesday it had truly put Boeing’s rating on CreditWatch unfavorable as regarding 33,000 of the united state planemaker’s workers proceed to be on strike, stopping manufacturing of its very profitable jets.

The rankings firm approximates the planemaker will definitely maintain a money cash discharge of regarding $10 billion in 2024 and can seemingly name for step-by-step financing.

S&&P’s CreditWatch itemizing mirrors the boosted risk of a downgrade if the strike lingers in direction of completion of the yr.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika Syamnath)



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