https://www.bloomberg.com/news/articles/2024-10-08/boeing-at-risk-of-junk-credit-rating-with-s-p-as-strike-goes-on

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Boeing at Risk of Junk Rating With S&P Amid Strike

  * Credit grader estimates 2024 cash outflow of about $10 billion
  * The strike is costing Boeing more than $1 billion a month

Workers picket outside the Boeing Co. manufacturing facility on Oct.
3.

Workers picket outside the Boeing Co. manufacturing facility on Oct.
3.

Photographer: David Ryder/Bloomberg
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By Olivia Raimonde and Julie Johnsson
October 8, 2024 at 4:01 PM EDT
Updated on
October 8, 2024 at 5:33 PM EDT
Save

S&P Global Ratings is looking at downgrading Boeing Co.'s credit
grades to junk, citing the planemaker's growing cash needs as it
suffers from a protracted strike by machinists.

The credit grader estimated that Boeing will burn through about $10
billion of cash in 2024. The company is likely to need additional
funding to meet its day-to-day cash needs and finance debt
maturities, according to a statement Tuesday.

 
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