OTHER NEWS - Nov. 26, 1991
From Times Staff and Wire Reports
McDonnell Douglas Debt Rating Unchanged: Moody’s Investors Service said the aerospace firm’s announced deal to sell a 40% stake in its commercial aircraft business to Taiwan Aerospace for $2 billion will not trigger a revised debt rating. Although the deal would have a favorable impact on McDonnell, the preliminary agreement is only a first step in a long process with many uncertainties, S&P; noted. The rating agency raised concerns about the funding cost for the new MD-12 jetliner. McDonnell’s senior debt is rated BAA3.
