NEW YORK (Standard&Poor's) Dec. 13, 2001-- Standard&Poor's ratings on Boeing Co. (AA-/Watch Neg/A-1+) and Boeing Capital Corp. (AA-/Watch Neg/A-1+) remain on CreditWatch with negative implications, where they were placed Sept. 21, 2001. The CreditWatch update follows Boeing's announcement that it expects to recognize nonrecurring, after-tax charges of about $700 million for the Sept. 11-related events in the fourth quarter ending Dec. 31. Main components of the charges are additional employee severance and out-placement service costs, aircraft and spares inventory valuations, and exposure from contractual obligations with customer and suppliers related primarily to a decision to reduce the production rate of the 717 aircraft program. The charges, most of which will involve cash outlays in 2002, will
