NEW YORK (Standard&Poor's) Oct. 8, 2004--Standard&Poor's Ratings Services today revised its outlook on Boeing Co. and its finance unit, Boeing Capital Corp., to stable from positive. At the same time, Standard&Poor's affirmed its ratings, including the 'A/A-1' corporate credit ratings, on both entities. About $5.2 billion of debt is outstanding at Boeing and $7.5 billion at Boeing Capital. "The outlook revision is based on two recent developments that make an upgrade unlikely in the intermediate term, despite a strong and improving financial profile," said Standard&Poor's credit analyst Roman Szuper. First, assertions by a former senior Air Force contracting official that she favored Boeing in awarding several major contracts raise the possibility of
