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Reuters: GE stripped of top-tier credit rating

Started by chris, March 12, 2009, 05:04:43 PM

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chris

GE stripped of top-tier credit rating
      
   
      


NEW YORK (Reuters) - Standard &amp; Poor's stripped General Electric Co of its AAA credit rating, citing the performance of its finance unit and dealing a new blow to one of the world's biggest manufacturing companies, but its shares rose 11 percent as investors feared the cut would be deeper.<div class="feedflare">
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