Sept 13 (Reuters) - Fitch said on Friday an extended
strike at Boeing ( BA ) could pose a credit ratings downgrade
risk and would impact the planemaker's operations and finance.
Boeing's ( BA ) U.S. West Coast factory workers walked off the job
on Friday after rejecting a contract deal, halting production of
its best selling 737 MAX jet.
The first labor strike since 2008 coincides with a period of
intense scrutiny of the planemaker by U.S. regulators and
airline customers after an incident in January where a door
panel detached from a 737 MAX jet during flight.
Boeing's ( BA ) management will likely need to access new sources
of liquidity in the event of a prolonged strike to adhere to its
cash targets and to remain within Fitch's negative rating
sensitivity, the ratings agency said.
If the current strike ends before two weeks, it is unlikely
to further pressure the rating, Fitch added.
On Thursday, S&P Global Ratings also said an extended strike
could delay the planemaker's recovery and hurt its overall
rating.