Moody’s Downgrades GE’s Debt

Following its announcement Friday that it is exiting most of its finance-related businesses, General Electric (GE) debt was downgraded by Moody’s Investors Service. GE’s senior unsecured debt rating is now A1, down two notches from Aa3 on Moody’s scale. GE is selling a huge chunk of its finance subsidiary, GE Capital, while amending agreements so [...]