Don’t Confuse GE and GE Capital Corp. Bonds

Don’t Confuse GE and GE Capital Corp. Bonds

(April 2012) simply several years ago, General Electric’s (GE) financial obligation ended up being Aaa rated by Moody’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 Moody’s, this time for you to Aa3 from Aa2. Moody’s additionally recently downgraded the senior credit card debt of GE’s wholly-owned subsidiary, General Electrical Capital Corp. (GECC), two notches to A1 from Aa2.

Within the news release, Moody’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 “Don’t Confuse GE and GE Capital Corp. Bonds”