Boeing (NYSE:BA) seeks bond sale amid financial strains and near-junk credit rating

Boeing (NYSE:BA) is entering the bond market with a multi-part sale, the first since the aerospace giant disclosed a quarterly loss and significant cash burn of $3.9 billion.

The bond sale also comes in the wake of a downgrade by Moody’s Ratings, which adjusted Boeing's credit rating to just one notch above non-investment grade, or "junk" status.

The company plans to offer various debt maturities, ranging from three to an extended forty years, according to a source close to the matter.

The longest, a 40-year bond, is expected to yield approximately 2.65 percentage points above the rate of U.S. Treasuries.

Despite the company's current challenges, Boeing's Chief Financial Officer Brian West expressed confidence in the company's fiscal strategy during a conference call last week.

He emphasized Boeing's commitment to maintaining its investment-grade rating and assured that the company retains access to $10 billion in unused credit lines.

West also remarked on the company’s vigilant monitoring of cash access and expressed confidence in Boeing's ability to secure additional liquidity from the market if necessary.