Fitch rates Boeing notes A

Fitch Ratings said it assigned Boeing Co.'s (A/negative/F1) proposed issuance of up to $5.5 billion of senior notes A long-term ratings.

The notes will be issued in multiple parts with maturities ranging from 2021 to 2059.

Proceeds will be used to fund Boeing's payments related to the commercial joint venture it is forming with Embraer SA (BBB-/rating watch negative) and for general corporate purposes.

Fitch said it estimates Boeing's consolidated debt could increase by almost $10 billion during 2019, ending at nearly $24 billion.

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