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S&P rates Boeing notes A
Standard & Poor's said it assigned an A rating to Boeing Capital Corp.'s (A/stable/A-1) proposed issuance of $1 billion of senior notes.
The company will issue the notes under an existing shelf registration, likely in tranches due 2014 and 2019, and will use the proceeds for general corporate purposes, including repaying upcoming debt maturities.
S&P said it views Boeing Capital and its parent, Boeing Co., as a single entity for credit purposes.
Disruptions in the capital markets in the past year have constrained the amount of aircraft financing available to airlines, increasing the demand for financing from aircraft manufacturers, the agency noted.
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