GE struggles to keep AAA credit rating

12/31/2008 | Bloomberg

General Electric is scaling back sales of long-term debt and commercial paper and reducing its reliance on GE Capital as part of an aggressive campaign to hang onto its AAA credit rating. Before credit markets slid into turmoil, the gap between AAA and AA- was only 6 basis points, but today it is 112 basis points, according to Merrill Lynch.

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