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S&P stated that it is no longer considering downgrading Boeing's credit rating to junk status, citing the aircraft manufacturer's $24 billion in cash reserves as providing a cushion for future difficulties. The rating agency stated that it is no longer contemplating a downgrade as a sign of progress for Boeing after a difficult 2024. S&P stated that it is no longer actively considering downgrading Boeing's rating, which is currently BBB-, one level above junk status. S&P stated in a statement on Monday that "Boeing appears to be gradually recovering from the production stoppages caused by the 2024 strike and ongoing production quality issues."