Moody's places GE ratings under review for downgrade [Reuters]
GE Aerospace (GE)
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Source: Reuters
Moody's places GE ratings under review for downgrade | Reuters 1 Min Read Oct 2 (Reuters) - Credit ratings agency Moody’s Investor Service said on Tuesday it has placed ratings of General Electric Co and its finance unit under review for a downgrade, a day after the conglomerate replaced its chief executive officer. The review was prompted by weakness in GE’s power business, Moody’s said. GE said on Monday it would fall short of its forecast for free cash flow and earnings per share for 2018 due to weakness in the power business and named Larry Culp chief executive officer. GE shares reversed course to trade down about 2 percent at $11.85 in morning trading. Reporting by Arunima Banerjee in Bengaluru; Editing by SrirajKalluvila All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Moody's places GE ratings under review for downgrade Oct 2 (Reuters) - Credit ratings agency Moody’s Investor Service
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