The pace of Boeing Co.'s commercial aircraft deliveries is improving and it is poised to increase its production. In addition, orders for new planes are currently outpacing supply, which has provided the company with a multi-year backlog and good demand visibility. We expect Boeing's credit measures will remain weak for the rating this year before improving in 2024 and accelerating thereafter as it strengthens its cash flow generation and repays debt. Therefore, we affirmed our 'BBB-/A-3' issuer credit ratings on the aerospace and defense company. The stable outlook reflects our expectation that Boeing's credit measures will be consistent with the rating next year as it improves its cash flow and repays debt. Boeing is now raising its 737 MAX build
