These steps put the company on a clearer path to boosting production of its planes, a key step in Boeing's efforts to return to financial health after a series of design and manufacturing problems grounded its planes and spurred regulators to clamp down on the company.
S&P Global Ratings said it's no longer considering cutting Boeing Co.'s debt to junk status, citing the planemaker's US$24 billion ($31.42 billion) cash balance and other factors that give it a cushion to absorb future difficulties.
The ratings firm's statement on Monday is the latest sign of progress in Boeing's turnaround after a brutal 2024. The company last week posted first quarter results that exceeded analyst forecasts. In October, the company raised about US$24 billion of equity, and a month after that a machinist union voted to end a crippling strike at the company's factories.
