S&P cuts Boeing’s credit ratings
Many airlines have grounded their Boeing 737 MAX following two deadly crashes. – EPA pic, March 17, 2020.
CREDIT ratings agency S&P yesterday downgraded its rating for aircraft manufacturer Boeing due to the grounding of the 737 MAX and the coronavirus pandemic. “Boeing’s cash flows for the next two years are going to be much weaker than we had expected, due to the 737 MAX grounding, resulting in worse credit ratios than we had forecast,” S&P said in a statement.
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