The cost of capital for GE has just increased slightly.
GE's long-term credit rating was cut by S&P to AA+ from AAA. Developing...
UPDATE: S&P cut the rating with the comment: "Outlook Stable". GE says, "No significant 'Funding Impacts' tied to ratings cut." Some expected larger cut, stock is up.
Headline Alert --- your title says GM's rating was cut.
ReplyDeleteThanks, Steve.
ReplyDeleteCorrected.