S&P Says Chance GE Could Lose AAA Rating

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Ratings agency Standard & Poor's says there is a chance that General Electric Co. could lose its coveted Triple-A credit rating in the next two years because of troubles at GE's financing arm.

S&P is lowering its outlook for GE and GE Capital to negative from stable. The ratings agency is also affirming their Triple-A ratings, but says there is a one-in-three chance they could lose them because of the ongoing financial struggles at GE Capital.

GE says in a statement that it has navigated through economic times before and "we will do so again."

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 36398964 - kake.com/a?a=36398964