05:38 AM EDT, 04/29/2025 (MT Newswires) -- S&P Global Ratings said Monday it has removed its BBB- issuer and issue-level credit ratings on Boeing ( BA ) from CreditWatch negative.

The plane maker reported "increasing and more stable" 737 Max production and a smaller-than-projected cash usage in Q1, the ratings agency said. Boeing ( BA ) seems to be on track to recovering from the 2024 strike-driven production halt and persistent manufacturing quality issues.

"We estimate that Boeing ( BA ) has increasing capacity to absorb unexpected headwinds risks to sustainably higher production and to near-term aircraft deliveries, including those posed by tariffs and counter-tariffs with the US and its trading partners," S&P Global Ratings said.

The negative outlook on the company mainly reflects the risk that recovery in plane production and delivery could progress more slowly than expected, leading to "a corresponding delay in the recovery of its credit measures," the ratings agency said.