S&P rates Boeing notes A

S&P said it assigned its A issue-level rating to Boeing Co.'s proposed $1.4 billion senior notes.

The company plans to issue the notes in four tranches due 2023, 2028, 2038 and 2048.

“We do not believe that the transaction will significantly alter Boeing's credit metrics; therefore, all of our other ratings on the company remain,” the agency said in a news release.

S&P said the ratings on Boeing reflect its position as one of the two global producers of large commercial jetliners and as one of the largest U.S. defense contractors.

They also reflect the cyclical and competitive nature of the commercial aviation market, the budget pressures affecting U.S. defense spending and the significant investments required to develop new aircraft, the agency added.

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