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GE finally gets that S&P downgrade

Posted Mar 12th 2009 10:40AM by Jon Ogg (RSS feed)
Filed under: General Electric (GE)

Debt ratings downgrades are supposed to be bad, but sometimes they are not so bad for shareholders. General Electric Co. (NYSE: GE) took a credit rating downgrade from Standard & Poor's Ratings Services this morning.

What is interesting is that this has been effectively telegraphed for nearly three months. The tone of the downgrade may also be much "less bad" than many were expecting. The downgrade was taken to 'AA+' from 'AAA.' The rating outlook is also now listed as Stable.

Continue reading GE finally gets that S&P downgrade

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