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Moody's threatens to downgrade Boeing debt rating

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Ratings agency Moody's on Monday placed Boeing's debt rating on review for downgrade, on the same day that new chief executive David Calhoun took charge of the crisis-hit company after two deadly jetliner crashes.

[NEW YORK] Ratings agency Moody's on Monday placed Boeing's debt rating on review for downgrade, on the same day that new chief executive David Calhoun took charge of the crisis-hit company after two deadly jetliner crashes.

"Recent developments suggest a more costly and protracted recovery for Boeing to restore confidence with its various market constituents, and an ensuing period of heightened operational and financial risk," said Moody's Jonathan Root.

AFP