Moody s places Boeing ratings on review for downgrade streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
"Placing the ratings on review for downgrade follows Moody's belief that Boeing will be unable to deliver 737 narrow-body aircraft at the volumes required for it to materially expand its free cash flow and retire debt in a reasonable timeframe," the agency said. The Baa2-backed long-term revenue bond and VMIG 2-backed short-term revenue bond, issued by the Miami-Dade County Industrial Development Authority, were also placed on review for downgrade. Boeing referred to a comment last week from CFO Brian West who said, “The path to stable financials is a stable factory and that's what we're focused on right now.”