Did the investment-grade rating stay? After burning 1 billion in the major strike, Boeing plans to raise 35 billion for self-rescue.
Boeing plans to raise up to $25 billion through the issuance of stocks and bonds over the next three years to support its balance sheet, while also signing supplementary crediting agreements with some banks for $10 billion, stating that the existing revolving credit facilities as well as these new credit arrangements have not been utilized. The media reports that Boeing is expected to raise $10 billion through stock issuance. Boeing's stock price rebounded over 2% on Tuesday.
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