Moody’s places Boeing on review for downgrade amid 737 delivery doubt

Rating agency Moody’s has placed Boeing’s Baa2 senior unsecured rating and Prime-2 short-term rating on review for downgrade following ongoing issues impacting the American manufacturer. The Baa2 backed long-term revenue bond and VMIG 2 backed short-term revenue bond, previously rated as stable, are also placed on review for downgrade. ‘Placing the review on downgrade follows Moody’s belief that Boeing will be unable to deliver 737 narrow-body aircraft at the volumes required for it to materially expand tis free cash flow and retire debt in a reasonable timeframe,’ explains Moody’s. Boeing has held its Baa2 senior unsecured rating since April 2022.