GE's Immelt Says Markets Priced In Rating Downgrade; Has Cash Flow To Pay Dividend
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GE's (NYSE: GE) CEO Immelt is making comments at a WSJ event in New York this AM. Immelt says a ratings downgrade wouldn't change the way he runs the company. He also said the markets have already priced in a credit downgrade. On the divided, Immelt says the company has the cash flow to pay it.
Shares of GE's have been making fresh 52-week lows daily on fears of a potential dividend cut or AAA rating cut, or both.
Comments from Immelt suggests he may see a rating downgrade coming shortly. Both S&P and Moody's have the company's 'AAA' rating on watch for a downgrade.
Shares of GE's have been making fresh 52-week lows daily on fears of a potential dividend cut or AAA rating cut, or both.
Comments from Immelt suggests he may see a rating downgrade coming shortly. Both S&P and Moody's have the company's 'AAA' rating on watch for a downgrade.
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