U.S.-Based Aircraft Manufacturer And Defense Contractor Boeing Co.'s Proposed Senior Unsecured Notes Rated 'BBB-' - S&P Global Ratings’ Credit Research

U.S.-Based Aircraft Manufacturer And Defense Contractor Boeing Co.'s Proposed Senior Unsecured Notes Rated 'BBB-'

U.S.-Based Aircraft Manufacturer And Defense Contractor Boeing Co.'s Proposed Senior Unsecured Notes Rated 'BBB-' - S&P Global Ratings’ Credit Research
U.S.-Based Aircraft Manufacturer And Defense Contractor Boeing Co.'s Proposed Senior Unsecured Notes Rated 'BBB-'
Published Apr 30, 2020
3 pages (1441 words) — Published Apr 30, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

WASHINGTON D.C. (S&P Global Ratings) April 30, 2020--S&P Global Ratings today assigned its 'BBB-' issue-level rating to Chicago-based aircraft manufacturer and defense contractor Boeing Co.'s proposed senior unsecured notes. The company plans to issue the notes in tranches due 2023, 2025, 2027, 2030, 2040, 2050, and 2060. The coupon on the notes will increase depending on the ratings they receive from certain rating agencies, including S&P Global. We expect the company to use the proceeds from these notes to bolster its liquidity and fund the large cash outflows it is experiencing this year due to the effects of the coronavirus pandemic on aircraft demand and the ongoing delays in recertifying the 737 MAX. This transaction does not materially change our

  
Report Type:

Ratings Action

Ticker
BA
Issuer
Boeing Co.
GICS
Aerospace & Defense (20101010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "U.S.-Based Aircraft Manufacturer And Defense Contractor Boeing Co.'s Proposed Senior Unsecured Notes Rated 'BBB-'" Apr 30, 2020. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/U-S-Based-Aircraft-Manufacturer-And-Defense-Contractor-Boeing-Co-s-Proposed-Senior-Unsecured-Notes-Rated-BBB-2422087>
  
APA:
S&P Global Ratings’ Credit Research. (). U.S.-Based Aircraft Manufacturer And Defense Contractor Boeing Co.'s Proposed Senior Unsecured Notes Rated 'BBB-' Apr 30, 2020. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/U-S-Based-Aircraft-Manufacturer-And-Defense-Contractor-Boeing-Co-s-Proposed-Senior-Unsecured-Notes-Rated-BBB-2422087>
  
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