NEW YORK (Standard&Poor's) March 7, 2005--Standard&Poor's Ratings Services said today that it affirmed its corporate credit and its other ratings, on Boeing Co. (A/Stable/A-1), following the announcement that the company's chief executive officer, Harry Stonecipher, has been dismissed for an inappropriate personal relationship with a female executive and that Boeing has appointed its chief financial officer, James Bell, as an interim CEO. The outlook is stable. Outstanding debt is about $5 billion, excluding debt at Boeing Capital Corp. (A/Stable/A-1). "Although the ratings are affirmed, the departure of the CEO creates some uncertainties and is a further embarrassment to the company, following a number of adverse developments in recent years," said Standard&Poor's credit analyst Roman
