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General Electric Company Message Board

  • citrusnow citrusnow Feb 27, 2009 3:27 PM Flag

    MOODY'S SAYS MIGHT STILL CUT GE RATINGS!!!!!!!!!!!!!!!!!!!!!!!!!!1

    Moody's says may still cut GE's "Aaa" rating 02/27 03:24 PM

    NEW YORK, Feb 27 (Reuters) - Moody's Investors Service on Friday said it may still cut its "Aaa" rating on General Electric Co (GE:$8.59,00$-0.51,00-5.60%) despite the company's announcement it will reduce its dividend to preserve about $9 billion.
    "The reduction in GE's common dividend will address some of the concerns regarding the stress on GE's cash flow," Moody's analyst Richard Lane said in a statement. "Nonetheless, Moody's is continuing its review of the ratings for possible downgrade." (Reporting by Dena Aubin; Editing by Leslie Adler)

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30.12+0.100(+0.33%)May 27 4:00 PMEDT