09:51 AM EDT, 04/29/2024 (MT Newswires) -- (Updates with additional information)

Boeing ( BA ) is working on a major bond sale, its first since reporting a Q1 loss and $3.9 billion of cash burn last week, Bloomberg News reported Monday, citing a person familiar with the matter.

The planemaker aims to issue debt in up to six parts in varying maturities, from three years to 40 years, the report said.

S&P Global Ratings and Fitch Ratings recently assigned negative outlooks to Boeing ( BA ). Moody's cut its rating on the company to one level above junk, Bloomberg reported.

Boeing ( BA ) did not immediately respond to MT Newswires' request for comment.

Shares of Boeing ( BA ) were up 0.8% in recent trading.

(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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