Boeing’s stock remains relatively unchanged as analysts from Moody’s and S&P cast doubt on the company’s ability to reach its 737 MAX production target of 38 planes per month by 2024. While a credit downgrade to junk status is not anticipated, concerns about labor disruptions and a history of underperforming targets persist. The focus remains on Boeing’s ability to stabilize production and generate free cash flow, crucial for maintaining its current credit rating.
Fitch Ratings has upgraded Pakistan’s credit rating to CCC+ from CCC, citing reduced risks from external funding following the country’s securing of a new bailout package from the International Monetary Fund (IMF). The upgrade reflects greater certainty over continued external funding availability, particularly due to Pakistan’s staff-level agreement with the IMF for a new $7 billion Extended Fund Facility (EFF). The rating agency expects Pakistan to secure necessary funding assurances from key bilateral partners, including Saudi Arabia, the UAE, and China, to support the EFF.
