[BENGALURU] Fitch Ratings and Moody's lowered their outlooks for Boeing to 'negative' from 'stable' on Monday, citing delays in its 737 Max jets' return to service. Read more at The Business Times.
Fitch Ratings and Moody's lowered their outlooks for Boeing to "negative" from "stable" on Monday, citing delays in its 737 Max jets' return to service.[BENGALURU] Fitch Ratings and Moody's lowered their outlooks for Boeing to"negative" from"stable" on Monday, citing delays in its 737 Max jets' return to service.
Boeing is facing one of the worst crises in its history as its fastest-selling jetliner has been grounded since March after crashes in Ethiopia and Indonesia that killed a total of 346 people.Fitch said Max will remain a concern for the aviation sector in 2020, and expects a lingering impact on Boeing's operating margin for several years after the jet returns to service.
As of March 31, Boeing had total debt of US$14.7 billion according to Refinitiv data, and Fitch said it estimated that consolidated debt for the company would rise by almost US$10 billion to nearly US$24 billion in 2019.
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