godoftrading
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It seems it took them 5 minutes of analysis until they stamped AAA on trillions worth of toxic debt, but it takes them months to arrive at the conclusion GE might not be AAA?
Moody's may cut General Electric from top Aaa | Markets | Markets News | Reuters
NEW YORK, Jan 27 (Reuters) - Moody's Investors Service on Tuesday said it may cut its top ratings on General Electric Co (GE.N) and its finance arm, citing increased uncertainty over General Electric Capital Corp's (GECC) asset quality and future earnings performance.
General Electric Capital Services (GECS), GECC's parent unit, is also expected to post higher credit losses than previously expected, Moody's said in a statement.
"Moody's is concerned that deepening global economic weakness could further compromise GECS' asset quality, potentially jeopardizing its ability to meet earnings objectives while also maintaining high earnings quality," the rating agency said. (Reporting by Karen Brettell; Editing by Dan Grebler)
Moody's may cut General Electric from top Aaa | Markets | Markets News | Reuters
NEW YORK, Jan 27 (Reuters) - Moody's Investors Service on Tuesday said it may cut its top ratings on General Electric Co (GE.N) and its finance arm, citing increased uncertainty over General Electric Capital Corp's (GECC) asset quality and future earnings performance.
General Electric Capital Services (GECS), GECC's parent unit, is also expected to post higher credit losses than previously expected, Moody's said in a statement.
"Moody's is concerned that deepening global economic weakness could further compromise GECS' asset quality, potentially jeopardizing its ability to meet earnings objectives while also maintaining high earnings quality," the rating agency said. (Reporting by Karen Brettell; Editing by Dan Grebler)
