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>> BOEING 787 Latest News

FEB 11, 2013 - TheStreet

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Moody's: Prolonged 787 Review Is Credit Negative for Boeing

CHICAGO (TheStreet) -- Moody's said the prolonged investigation of the 787 battery problems is credit negative for Boeing , but strong liquidity continues to support a strong credit rating. "The longer the plane is grounded, the greater the risk of the company's 2013 cash flow meaningfully declining," Moody's said in a report issued Monday. "Boeing is unable to collect what amounts to several hundred million dollars of cash remittances from its airline customers every month that it cannot deliver planes." Additionally, Boeing spends an estimated $750 million to $1 billion a month to ... Read More

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