Monday, January 26, 2009

Update: Standard and Poor's Keeping GE's AAA Rating

In a desperate attempt to post the funniest thing this morning/pander excessively, S&P has decided to keep GE's and GE Capital Corp's pristine AAA rating. The "rating" agency notes the AAA debt rating is not "immediately affected" by the most recent earnings. However, it does note that there are signs that 2009 will be even more difficult than when S&P had looked at the two previously on Dec. 18. Lastly, S&P says "GECC would have reported a significant loss for the quarter, were it not for a substantial tax credit." So consistent. Sphere: Related Content
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Anonymous said...

S&P has been on top of this meltdown all along. What did you expect?

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