S&P said it was no longer considering downgrading Boeing's credit rating to junk status, citing reasons including the aircraft maker's $24 billion cash balance, which provides it with a buffer against future difficulties. The ratings company's statement that it is no longer considering a downgrade is the latest sign that Boeing is making progress in its recovery after a difficult 2024. S&P said it is no longer actively considering downgrading Boeing's rating, which is currently rated BBB-, one level above junk. In a statement on Monday, S&P said the company "appears to be gradually emerging from the production suspension caused by the 2024 strike and ongoing production quality issues."