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-No credit rating hit for Boeing Capital for reporting suspension.

BANKING AND CREDIT NEWS-January 24, 2013--No credit rating hit for Boeing Capital for reporting suspension(C)2013 M2 COMMUNICATIONS http://www.m2.com

24 January 2013 -- New York-based ratings agency Fitch Ratings said it believes there is no impact to the outstanding ratings of Boeing Capital Corp following The Boeing Co's (NYSE: BA) announcement that BCC intends to voluntarily suspend its separate U.S. Securities and Exchange Commission reporting obligations.

Fitch said it does not anticipate this change to affect the ratings of BA.

On Jan. 23, 2013, BCC filed to terminate its existing SEC debt registration statements.

As a result, BCC's reporting requirements under the Securities and Exchange Act of 1934 will be suspended and BCC will no longer file certain documents, including reports on Forms 8-K, 10-K and 10-Q, after its upcoming form 10-K filing with the SEC.

Going forward, Fitch expects BCC will be reported publicly as a segment within BA's quarterly and annual consolidated financial statements, supplemented by additional financial information provided to Fitch on a private basis.

The ratings of BCC are linked to those of its parent, reflecting Fitch's belief that the company is core to BA's overall franchise. In connection with this announcement, BA intends to terminate its existing support agreement with BCC and replace it with an unconditional guaranty.

BA has unconditionally guaranteed the due and punctual payment and performance of all of BCC's outstanding publicly-issued debt obligations. The guaranty will remain in full force and effect until these debt obligations are paid in full.

For more on this see www.fitchratings.com.

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Publication:M2 Banking & Credit News (BCN)
Date:Jan 24, 2013
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