Standard&Poor's Ratings Services derives its 'A' corporate credit rating on Boeing Co. from: Our anchor of 'a', based on our "strong" business risk and "modest" financial risk profile assessments for the company. The anchor choice, given the two potential outcomes ('a+' and 'a') for this combination of business risk and financial risk assessments, reflects Boeing's business risk being at the weaker end of "strong" range for the business risk assessment due largely to its "weak" profitability. Analytical modifiers, which had no impact on the rating outcome. One of two global producers of large commercial aircraft Cyclical commercial market, which is currently experiencing strong demand One of the five-largest U.S. defense contractors, but U.S. defense spending is declining Substantial
