(April 2012) simply several years ago, General ElectricвЂ™s (GE) financial obligation ended up being Aaa rated by MoodyвЂ™s. Then, in March 2009, GE destroyed that coveted score. Fast ahead to April 2012 as soon as once more GE discovers its senior debt that is unsecured by MoodyвЂ™s, this time for you to Aa3 from Aa2. MoodyвЂ™s additionally recently downgraded the senior credit card debt of GEвЂ™s wholly-owned subsidiary, General Electrical Capital Corp. (GECC), two notches to A1 from Aa2.
Within the news release, MoodyвЂ™s reported so it downgraded both GE and GECC as a consequence of revising its rating that is global methodology boat finance companies. Continue reading “DonвЂ™t Confuse GE and GE Capital Corp. Bonds”