Fitch: Boeing Capital notes A

Fitch Ratings said it expects to assign an A rating to Boeing Capital Corp.'s planned issuance of $500 million five-year senior notes and $250 million seven-year senior notes.

The proceeds will be used to fund debt maturities over the next year and for general corporate purposes, Fitch said.

Boeing Capital is a subsidiary of the Boeing Co. and their ratings are linked due to the existence of a support agreement, operating agreement and transactional support, Fitch said. But Boeing does not guarantee Boeing Capital's debt, the agency said.

The stable outlook reflects favorable developments and conditions in the company's portfolio, which have partly offset the impact of developmental aircraft delays, Fitch said.

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