Reported 26 days ago
Boeing is at risk of losing its investment-grade credit rating due to an ongoing workers' strike, which threatens to further disrupt its production and cash flow. Moody's Ratings is reviewing Boeing's credit score, currently at Baa3, for a potential downgrade. The company, saddled with significant debt and cash flow issues, must address its financial stability amidst a challenging operational environment. While Boeing aims to maintain its credit quality, the strike, which involves approximately 33,000 workers, complicates its recovery efforts.
Source: YAHOO