06:46 AM EDT, 10/09/2024 (MT Newswires) -- Boeing ( BA ) is exploring options to raise billions of dollars through a sale of stock and equity-like securities as the planemaker tries to avoid a potential downgrade of its credit rating to junk status, Reuters reported Wednesday, citing two sources familiar with the matter.

Four unnamed sources told Reuters that Boeing ( BA ) reportedly has received proposals from major investment banks including Goldman Sachs ( GS ) , JPMorgan ( JPM ) , Bank of America ( BAC ) , and Citigroup ( C ) , offering various fundraising options such as selling common stock as well as convertible bonds and preferred equity.

Investment bankers reportedly suggested to Boeing ( BA ) that it should raise around $10 billion, one of the sources told Reuters.

The sources said Boeing ( BA ) has not yet decided on any option.

Boeing ( BA ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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