Boeing gets another boost as credit agency says it won't cut its rating to junk status

Boeing has another reason to believe that its turnaround year is on track. S&P Global Ratings said on Monday that it was no longer considering downgrading the planemaker to junk status.The credit rating agency grades companies based on how likely they are to repay debt, and a lower rating makes it more expensive to borrow money. S&P had put Boeing at risk of a downgrade in October. Boeing reported a cash balance of $23.7 billion at the end of the first quarter — a positive sign after hemorrhaging money th ...