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Investors Flee GE Despite Soaring Profits

Fears about GE's capital arm and a possible loss of AAA rating stoke concerns

By Clay Dillow, Newser Staff

Posted Mar 5, 2009 7:00 AM CST

(Newser) – General Electric, long considered a reliable growth company paying an attractive dividend, is taking a beating ahead of a possible cut to its AAA debt rating, Bloomberg reports. Though GE recently posted its third-highest annual profit ever, the company has lost $264 billion in market... Read full story »

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Investors Flee GE Despite Soaring Profits

Fears about GE's capital arm and a possible loss of AAA rating stoke concerns

General Electric • Standard and Poor • Moody's • Jeffrey Immelt • bond ratings • dividend

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More Newser Stories

GE Hiring Thousands of US Veterans

Firm to invest $580K in aviation plants amid effort to reboot economy

Moody's Also Drops Italy's Credit Rating

Cites woes with the euro, not Italy itself

Moody's: Greek Default 'Virtually Certain'

But EU effort means country will likely stabilize

Fitch Threatens to Downgrade US, Too

Joins S&P and Moody's

Moody's Warns US to Strike Deal on Debt Limit

It threatens to downgrade nation's triple-A credit rating

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