WASHINGTON D.C. (S&P Global Ratings) May 1, 2020--S&P Global Ratings today said that its ratings on Boeing Co. (BBB-/Stable/A-3) are not affected by the company's issuance of significantly more debt than we had previously expected. Yesterday, Boeing sold $25 billion of unsecured notes in a range of maturities, which was more than double the amount ($10 billion) we had expected it to issue. Although the company's credit ratios will be somewhat weaker than we previously anticipated due to the higher amount of interest expense (its adjusted debt is largely unchanged because we net most of its cash against its debt), we believe this is offset by its much larger liquidity cushion, which should help it fund the substantial cash outflows
