(Bloomberg) — Boeing Co. is selling new bonds to help repay nearly $3 billion of debt, announcing the sale just minutes after a downgrade to the company’s credit rating.The planemaker is issuing $4.9 billion of unsecured notes in four parts, according to a person with knowledge of the matter. The debt sale was announced in a filing earlier Thursday, just minutes after Fitch Ratings put out a report cutting Boeing one notch to BBB-, the lowest investment-grade rating, with a negative outlook.The proceeds of the sale will help repay $2.8 billion of debt, which is either in the form of …read more
Source:: Yahoo Finance
