General Electric Co. once prided itself on its gilt-edged credit rating. Then came the global financial crisis, which tarnished the industrial giant's standing.
Now, as the company faces one of the deepest slumps in its 125-year history, its grade is on the verge of falling again.
S&P Global Ratings put GE on notice that it might lower its grade after the company acknowledged a raft of challenges: cash-flow shortfalls, falling earnings and weak power markets that have undercut its biggest business. With a new CEO and an activist investor sitting on the company's board, S&P is examining how the company will spend its money as it looks to shore up its beaten-down stock price.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
