Fitch comments on the US Ex-Im Bank

Fitch Ratings has stated that the expiration of the US Export Import Bank’s (Ex-Im) charter “would marginally reduce the competitiveness of the US manufacturers, but likely not enough to affect credit ratings in isolation”. The rating agency added that some manufacturers might need to raise debt levels to provide greater amounts of customer financing, but stated that the debt increase would be “limited by the relatively small percentage of exports financed by Ex-IM, as well as the current availability of third party financing”. The aerospace sector is most exposed to the potential expiration of the charter, with Boeing (A/Stable Outlook)