In Moody's reckoning, GE is no longer tops

General Electric (GE) lost its top credit rating from Moody's Investor Service on Monday over concerns about the health of GE Capital, its financial unit.

Moody's knocked GE's rating down two notches, from "Aaa" to "Aa2." The credit agency said GE's industrial units, which make everything from nuclear reactors to light bulbs to jet engines, is strong enough to deserve the highest marks for its debt. But risks on GE Capital's $637 billion balance sheet don't warrant a top rating, it said.


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