NEW YORK CHICAGO, Oct 28, 2014 (BUSINESS WIRE) —
Fitch Ratings expects to assign an ‘A’ long-term rating to The Boeing
Company’s (BA) proposed issuance of approximately $850 million of senior
unsecured notes. The notes will be issued in three parts, with
maturities of 2017, 2021, and 2024. Proceeds will be used for general
corporate purposes, including funding of Boeing Capital Corporation
(BCC).
The Rating Outlook is Stable. The ratings cover approximately $9.1
billion of debt ($7.25 billion at BA and $1.85 billion at BCC), pro
forma for today’s issuance, recent maturities, and near-term maturities.
A full list of ratings is included at the end of this release.
Fitch notes that BCC had $500 million of debt mature on Oct. 27, with an
additional $150 million maturing next week. Today’s issuance will
continue the shift of external debt to the parent’s balance sheet and
away from BCC following Boeing’s full guarantee of BCC’s outstanding
public debt in early 2013. Fitch expects some of the proceeds of today’s
issuance could be lent to BCC
Article source: http://www.marketwatch.com/story/fitch-rates-boeings-proposed-senior-unsecured-notes-a-2014-10-28
The large amount of jet fuel required to fly an airplane from point A to point B can have negative impacts on the environment and—as higher fuel costs contribute to rising ticket prices—a traveler’s wallet. With funding from NASA and the Boeing Company, engineers from the Division of Engineering and Applied Science at Caltech and their collaborators from the University of Arizona have developed a device that lets planes fly with much smaller tails, reducing the planes’ overall size and weight, thus increasing fuel efficiency.

