Boeing Co.'s Senior Unsecured Notes Assigned 'A' Issue-Level Rating - S&P Global Ratings’ Credit Research

Boeing Co.'s Senior Unsecured Notes Assigned 'A' Issue-Level Rating

Boeing Co.'s Senior Unsecured Notes Assigned 'A' Issue-Level Rating - S&P Global Ratings’ Credit Research
Boeing Co.'s Senior Unsecured Notes Assigned 'A' Issue-Level Rating
Published Oct 27, 2015
3 pages (1044 words) — Published Oct 27, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

WASHINGTON D.C. (Standard&Poor's) Oct. 27, 2015--Standard&Poor's Ratings Services today assigned its 'A' issue-level rating to Seattle-based aircraft manufacturer and defense contractor Boeing Co.'s proposed senior unsecured notes. The company plans to issue the notes in three tranches due 2020, 2022, and 2025, and we expect that it will use the proceeds for general corporate purposes. We do not believe that the proposed transaction would significantly alter the company's credit metrics, therefore our other ratings on the company remain unchanged. Our ratings on Boeing reflect its position as one of the two global producers of large commercial jetliners and as one of the largest U.S. defense contractors. They also reflect the cyclical and competitive nature of the

  
Brief Excerpt:

...WASHINGTON D.C. (Standard & Poor's) Oct. 27, 2015--Standard & Poor's Ratings Services today assigned its 'A' issue-level rating to Seattle-based aircraft manufacturer and defense contractor Boeing Co.'s proposed senior unsecured notes. The company plans to issue the notes in three tranches due 2020, 2022, and 2025, and we expect that it will use the proceeds for general corporate purposes. We do not believe that the proposed transaction would significantly alter the company's credit metrics, therefore our other ratings on the company remain unchanged. Our ratings on Boeing reflect its position as one of the two global producers of large commercial jetliners and as one of the largest U.S. defense contractors. They also reflect the cyclical and competitive nature of the commercial aviation market, the budget pressures affecting U.S. defense spending, and the significant investments required to develop new aircraft. We expect that Boeing's credit ratios, which are currently very strong, will...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Aerospace & Defense (20101010)
Sector
Global Issuers , Structured Finance
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Boeing Co.'s Senior Unsecured Notes Assigned 'A' Issue-Level Rating" Oct 27, 2015. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Boeing-Co-s-Senior-Unsecured-Notes-Assigned-A-Issue-Level-Rating-1470797>
  
APA:
S&P Global Ratings’ Credit Research. (). Boeing Co.'s Senior Unsecured Notes Assigned 'A' Issue-Level Rating Oct 27, 2015. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Boeing-Co-s-Senior-Unsecured-Notes-Assigned-A-Issue-Level-Rating-1470797>
  
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