Boeing Co., the jet maker that on Monday unveiled a sweeping leadership overhaul, may have its credit rating downgraded by Moody’s Ratings as a safety crisis weighs on the company’s production and revenue.
The ratings provider placed Boeing’s Baa2 senior unsecured rating on review for downgrade from stable, according to a statement on Tuesday, citing the potential for Boeing to fail to deliver 737 aircraft at the volumes needed to materially expand free cash flow and “retire debt in a reasonable timeframe.”
