GE - News

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GE News - Past

On March 10th, Fitch cut GE's credit rating to AA+ from AAA while its financial division was cut to A from A+. The market had been expecting a bigger downgrade. Subsequently on March 24th, Moody's slashed GE to Aa2 from Aaa and set their outlook at stable. GE announced on March 19th that its finance arm will raise $35 billion to $40 billion of long term debt in 2010

GE News - Upcoming

Following Citigroup and Bank of America's lead, on March 5, GE CFO Keith Sherin said its capital unit will be profitable during Q1 and for the fiscal year. GE reports Q1 earnings on April 17th; the shareholder meeting is set for April 22nd.

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