Wednesday, October 9, 2024
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S&P areas Boeing’s ranking on CreditWatch unfavorable as strike drags out


(Reuters) -Global rankings company S&P claimed on Tuesday it had actually put Boeing’s ranking on CreditWatch unfavorable as concerning 33,000 of the united state planemaker’s employees continue to be on strike, stopping manufacturing of its very successful jets.

The rankings company approximates the planemaker will certainly sustain a cash money discharge of concerning $10 billion in 2024 and will likely call for step-by-step financing.

S&&P’s CreditWatch listing mirrors the boosted possibility of a downgrade if the strike lingers towards completion of the year.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika Syamnath)



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