(Reuters) -Global ratings agency Fitch on Monday revised its outlook on planemaker Boeing to ‘stable’ from ‘negative’, citing improved financial flexibility and production.
It said the outlook revision to stable reflects Fitch’s view that Boeing’s post-strike production ramp-up and improved financial flexibility, including the recently announced sale of its Jeppesen unit, have reduced the risk of a downgrade and support the company’s ‘BBB-‘ rating.
The outlook revision also incorporates the agency’s expectations of a reduction in Boeing’s debt.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika Syamnath)
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