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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JJ’s That’s Trending: Boeing, Bee Keeper, Brady and More
1. Boeing will attempt the first crewed test flight of its Starliner spacecraft tonight, a major milestone in the company’s effort to shuttle astronauts to the International Space Station. The reusable capsule will carry