Moody's downgrades Boeing's debt rating on hit from coronavirus outbreak
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April 13, 2020 - by Reporting by Shanti S Nair in Bengaluru; Editing by Steve Orlofsky for reuters.com
Moody's Investors Service on Friday downgraded the debt rating of Boeing Co, flagging the hit to the U.S. planemaker's operations from the novel coronavirus pandemic.
Moody's cut the senior unsecured debt ratings of Boeing and its unit Boeing Capital Corp to "Baa2" from "Baa1" with the rating outlook as negative.
While the rating maintains Boeing at investment grade, Moody's warned it was tempered by considerable operational and financial risk in upcoming years...
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