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BULLETIN: Boeing's Move Not Expected to Affect Seattle Municipal Ratings Mar 01
Standard & Poors, March 2001
Abstract
The announcement yesterday by Boeing Corporation that it will relocate its corporate headquarters out of King County, Wash. to either Dallas-Fort Worth, Denver, or Chicago, is not expected to have a significant impact on the Seattle area's economic base over the longer term. While Boeing's departure from its long-time home in the Seattle area is noteworthy, it is expected to cost the area only about 500 jobs out of an employment base of more than three million. As a result, Standard & Poor's does not anticipate any municipal government rating actions due to the move. Boeing said that an important factor in its decision about where to relocate will be the tax incentives offered by the potential new home-site cities....
Companies mentioned in this report are: Denver City & Cnty,Seattle,Dallas,Chicago,Boeing Co.
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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