Fitch downgrades Boeing’s outlook to ‘negative,’ Reuters reports

Fitch Ratings downgraded outlook on Boeing to “negative” from “stable” on Friday, amid a fallout from safety crisis impacting the U.S. planemaker’s production and cashflow, according to Reuters. The ratings agency, which reaffirmed its “BBB-” long-term issuer default rating, said it could stabilize the outlook if Boeing liquidates over 100 of its pre-2023 built 737 MAX and half of its 787 inventories by early 2025, along with increasing production of its MAX jets towards 38 per month.