Fitch downgrades Boeing's outlook to 'negative' on production, cashflow
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Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges
Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow. The ratings agency, which reaffirmed its "BBB-" long-term issuer default rating, said it could stabilize the outlook if Boeing liquidates over 100 of its pre-2023 built 737 MAX and half of its 787 inventories by early 2025, along with increasing production of its MAX jets towards 38 per month. Fitch's downgrade follows...
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Americans Are Increasingly Negative About China
Americans Are Increasingly Negative About China Data by Gallup shows that Americans' views of China have continued to worsen after 2018. The deterioration started with the U.S.-China trade war under President Donald Trump, continued during the coronavirus pandemic that originated in China and has recently taken on yet another dimension among concerns about widespread Chinese tech and industrial espionage and subversion as well as continued human rights abuses and tension...
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S&P puts San Francisco on negative outlook, cites slow recovery
(The Center Square) – S&P Global Ratings changed its outlook for San Francisco's outstanding bonds from stable to negative, citing the slow recovery in the city and county. S&P Global Ratings, one of the Big Three credit-rating agencies, revised its outlook to negative from stable on the San Francisco City and County outstanding general obligation debt. "The negative outlook reflects our view of the slow recovery of the city's major revenue streams and growing...