S&P rates Boeing’s exposure to Ex-Im

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By admin July 9, 2014 09:58

S&P rates Boeing’s exposure to Ex-Im

A study from Standard & Poor’s has determined that Boeing could end up shouldering between $7bn and $9bn in customer finance needs if regulators decide not to reauthorize the U.S. Export-Import Bank (Ex-Im) by September 30th. Boeing would have to double its financial backing to airline and leasing-company clients over the long term, posing a risk to the company’s credit rating.

Boeing currently relies on Ex-Im Bank to provide loan guarantees for aircraft sales. This is part of a deal that was recently scrutinized by a coalition of opponents who want the support to end in September, because of the deal’s alleged anti-competitive nature.

admin
By admin July 9, 2014 09:58
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