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April 01, 1993|From Times Staff and Wire Reports

Moody's Lowers Boeing Credit Rating: The rating of Boeing Co.'s $1.7 billion in senior bonds was downgraded by Moody's Investors Service, based on a weak market for airliners and the plane maker's high development costs of its 777 wide-body aircraft. The debt-rating company also cited the growing demand from airlines for manufacturer-provided financing for purchases of new planes. Completing a review begun Jan. 28, Moody's lowered its rating on Boeing's senior debt to A1 from Aa3.

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