Thursday, March 12, 2009

GE's Credit Rating Cut, But Only One Notch

GE got it its credit rating cut today. However, only by one notch. Many analysts were expecting a much more severe cut of almost 4 notches. Also, S&P improved GE's outlook from negative to stable. GE released a statement saying that the downgrade of one notch is not going to impact the way GE funds its operations. GE is up over 10 percent right now.

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