Reported about 11 hours ago
Boeing Co. is at risk of being downgraded to junk status by credit rating agencies, which could make it the largest 'fallen angel' in US history due to its substantial $52 billion debt load. The potential downgrade is linked to ongoing strikes affecting production, with analysts highlighting that such a move would flood the high-yield market with Boeing's debt, complicating the corporate bond landscape as passive funds may become forced sellers.
Source: YAHOO