Sept. 13 (Askume) – Fitch Ratings said on Friday that Boeing Co (BAN)
Workers at a Boeing plant on the US West Coast went on strike on Friday after rejecting a contract deal, halting production of the company’s best-selling 737 Max jet.
The strikes are the first since 2008 amid intense scrutiny of the plane maker by U.S. regulators and airline customers after a door panel on a 737 Max jet became detached during a flight in January.
The rating agency said if the strike continues for a longer period of time, Boeing management will need to obtain new sources of liquidity to maintain its cash targets and remain within Fitch’s negative rating sensitivity threshold.
Fitch said there was unlikely to be further pressure on the rating if the current strike ended two weeks early.
On Thursday, S&P Global Ratings also said a prolonged strike could delay the aircraft maker’s recovery and hurt its overall rating.
