Fitch raises Boeing to stable with financing, improve production

(Reuters) -FITCH Ratics Agency on Monday reviewed her view of the American Planemaker maker to “stable” from “negative” and confirmed its classification “BBB -“, citing financial flexibility and production.

The review in Outlook is a comfort for Boeing, whose practical dispute has been subject to a broader shift under the current CEO Kelly Ordrag.

The main classification agencies last year warned of a possible reduction after a strike by about 33,000 workers that stopped the production of the best -selling aircraft in Boeing.

Fitch now expects Boeing to reduce her total debt to below $ 50 billion in 2026 by paying notes of $ 7.95 billion in that year, after increasing production after the strike and selling Jeppeesen unit.

“Continuous operational improvements, especially 737 production progress, must pay the FCF generation (free cash flow) and EBITDA financial leverage standards in line with BBB-” sills “, Fitch said in her report.

The classification agency said it will monitor Boeing’s ability to maintain operating momentum and make clearer guidance on long -term capital customization, which could support the rating upgrade within six to 12 months.

The Boeing administration will also continue to review the defense portfolio and sell non -basic assets.

In April, the S&P removed the Boeing Cradtwatch negative classification on improving aircraft production and decreased monetary burns. The CreditWatch menu reflects the possibility of increasing rating.

(Chevanche Tiwari reports in Bangaluru: edited by Davica Siamnat and Arone Cuureh)