Rating agency Standard & Poor’s on Monday lowered its credit rating on the planemaker to ‘BBB’ from ‘A-‘ and now expects 2020 free cash flow in a range of negative $11 billion (9.1 billion pounds) to $12 billion, down from a prior estimate of positive $2 billion. Reuters reported last week that Boeing is set to draw down the full amount of a $13.8 billion loan, likely bringing its total debt to $41.1 billion. Boeing’s total debt nearly doubled to $27.3 billion in 2019, as it grappled with additional costs related to the 737 MAX grounding and compensated …read more
Source:: Yahoo Finance
