S&P Says it May Be Forced to Lower GE's Top Credit Rating in 2010

Over 700 Total Lots Up For Auction at Three Locations - NJ 03/08, MD 03/10, CA 03/12

S&P indique qu'il peut être forcé d'abaisser la réputation de solvabilité supérieure de GE en 2010

par Lynn Shapiro, Writer | December 19, 2008
GE
GE shares fell 8% to close at $15.96 on December 18, after Standard & Poor's analysts said they might be forced to downgrade GE's top credit rating by 2010 due to GE Capital's exposure to the global credit crisis.

A lower S&P rating would make it more difficult for the company to borrow money.

"We believe there is some risk that credit performance in 2009 could be significantly worse than management's forecast, given the potential for a sharp increase in losses at GE's commercial businesses, reflecting the economic downturn unfolding in a number of its key geographic markets and consumer segments," S&P said in a statement.

New & Refurbished C-Arm Systems. Call 702.384.0085 Today!

Quest Imaging Solutions provides all major brands of surgical c-arms (new and refurbished) and carries a large inventory for purchase or rent. With over 20 years in the medical equipment business we can help you fulfill your equipment needs

Manwhile, S&P reaffirmed GE's AAA long-term and A-1+ short term credit rating. GE is one of only a few non-financial firms to be so highly rated and has held the AAA distinction for more than 50 years.

See other recent DOTmed News coverage of GE financials at:
https://www.dotmed.com/news/story/7679