NEW YORK (TheStreet) -- Shares of Boeing Co. (BA) are down -1.75% to $126.83 after it was reported that dissolution of the Export-Import Bank could have a "significant" long-term impact on the aerospace company which receives more than a third of the bank's credit, Standard & Poor's warned, according to the Financial Times.
Boeing could be forced to finance more of its overseas sales directly, according to a report from the credit rating agency, and could find itself in a more difficult financing position than Airbus (EADSY) when negotiating aircraft sales, the Times added.
TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: