In a recent development, Boeing (NYSE:BA) has agreed to plead guilty to defrauding the U.S. government over safety failures. However, experts predict that the impact on the company will be minimal.
What Happened: According to experts, Boeing’s stock price, credit rating, or U.S. government revenue will have a negligible impact, Financial Times reported on Tuesday.
Moody’s Jonathan Root said, "The dollar amount of the fine is of a size that is not material to our view of the credit profile,"
"The problem is this settlement gives you the idea that justice can be bought — and bought very cheaply," said Prataj Chatterjee, executive director of watchdog group CorpWatch.
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