New York, January 24, 2013 -- Moody's Investors Service affirmed its ratings for The Boeing Company (Boeing) and its finance subsidiary, Boeing Capital Corporation (BCC) -- both A2 senior unsecured -- following the announced deregistration of BCC and termination of the support agreement between the two entities. In place of the former support agreement, Boeing has guaranteed the BCC debt obligations and effected full credit substitution in the process. "Ratings had already incorporated a high level of support and reliance by BCC on Boeing," according to Russell Solomon, Moody's Senior Vice President and lead analyst for the company. "Implementation of the explicit guaranty only serves to more formally and strongly solidify this relationship between the captive finance company and its much larger industrial parent," added Solomon. The rating outlook remains stable.

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