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Apex Trader Funding (ATF) - News

Boeing To Raise $10B Via Bond Sale Amid Credit Rating Downgrade - Will Investors Show Confidence?

Boeing Co (NYSE:BA) is set to embark on a bond sale, aiming to raise $10 billion amid challenges like a recent quarterly loss and Moody’s credit rating downgrade.  Moody’s downgrade, which leaves Boeing’s credit rating just a step above junk, underscores the company’s current financial strain.  S&P rated them BBB- and Moody’s rated them Baa3. The issuance consists of maturities ranging from three to 40 years, with the longer-term bonds carrying a yield of 2.25 percentage points higher than Treasuries, significantly lower than initial estimates. Boeing’s Chief Financial Officer, Brian West, stressed the company’s commitment to safeguarding its investment-grade rating, Bloomberg highlighted. With access to $10 ...