Fitch Ratings and Moody's have warned that a prolonged strike at Boeing's West Coast factories may lead to a ratings downgrade, impacting operational and financial stability.
If the current strike lasts a week or two, it is unlikely to pressure the rating; however, an extended strike could meaningfully increase the risk of a downgrade.
Boeing's Chief Financial Officer Brian West emphasized the need to prioritize maintaining the investment grade credit rating while stabilizing the factory and supply chain amid the current strike.
The first labour strike at Boeing since 2008 arrives during intense scrutiny of the company by US regulators and airline customers following a concerning January incident.
[
Collection
]
[
|
...
]