DON'T SCREW WITH CONSUMER SAFETY
Boeing tries to avoid junk rating with massive stock sell-off. While its machinists continue to strike, the troubled aerospace company announced the sale of about $19 billion worth of stock and depositary shares to generate much-needed cash.
Boeing hopes to hang onto its investment-grade rating, which currently sits at BBB− (the lowest investment grade). Fitch Ratings has warned...
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the planemaker that a prolonged strike by its machinists could see its credit rating downgraded to junk.
The union has been on strike for more than 45 days, with pension plans being a central sticking point.
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S: Morning Brew
@Madken65 We did a case study on Boeing in a class I took last year. There's no part of me that wants to get on one after what I learned.
When we do risk management, we never cast the net far enough.
@Madken65 When a company decides to value profit over quality engineering the planes just fall from the sky.