On Oct. 25, 2006, Standard&Poor's Ratings Services placed its long-term ratings, including the 'A' corporate credit ratings, on Chicago-based Boeing Co. and its wholly owned finance unit, Boeing Capital Corp., on CreditWatch with positive implications. The short-term ratings, including the 'A-1' short-term corporate credit ratings, on both entities are not on CreditWatch. About $10 billion of consolidated debt is outstanding. The CreditWatch placement reflects continued good overall financial performance and the likelihood of further gains in the intermediate term. The action, in particular, is based on improving profitability, aided by solid demand for commercial airplanes from a recovering global airline industry, substantial cash flow, and expectations that management will continue to pursue a balanced capital allocation to achieve
