On May 11, 2006, Standard&Poor's Ratings Services revised its outlook on Boeing Co. and Boeing Capital Corp. to positive from stable. At the same time, Standard&Poor's affirmed its ratings, including the 'A/A-1' corporate credit ratings, on the aerospace giant and its finance unit. About $4.2 billion of debt is outstanding (excluding $600 million of nonrecourse debt) at Boeing and $6.2 billion at Boeing Capital. The outlook revision is based on improving profitability, aided by strong 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 stronger credit protection measures. The ratings on Chicago-based Boeing are supported by its very
