Before 1 November 2019, will Moody's downgrade The Boeing Company's long-term credit rating and/or change its outlook to negative?
Closed Jul 22, 2019 05:00PM UTC
After two crashes of Boeing 737 MAX-8s, the global fleet of 737 MAX aircraft was grounded while investigations proceeded (https://www.bbc.com/news/world-africa-47553174). Boeing later announced that it would cut 737 MAX production in April. In this context, Moody's stated that "'cash flow pressures will mount' if the fleet is grounded longer than four months" (https://www.washingtonpost.com/business/2019/04/08/boeing-stock-slips-after-max-production-cut/, https://www.reuters.com/article/boeing-rating-moodys/moodys-says-ethiopia-crash-wont-affect-boeing-rating-at-this-time-idUSL8N2114XH, https://www.moodys.com/research/Moodys-assigns-A2-ratings-to-Boeings-new-unsecured-notes--PR_399888 (scrolling down and clicking "I Agree" required).
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The question closed "Yes" with a closing date of 22 July 2019 (Moody's).
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Yes | 30.00% | |
| No | 70.00% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 141 |
| Average for questions older than 6 months: 206 | |
| Number of Forecasts | 269 |
| Average for questions older than 6 months: 586 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
