NEW YORK (TheStreet) -- General Electric's downgrade by Moody's Investor Service was expected and is unlikely to affect the company's plans to resume a dividend from its financial unit to the parent, according to a report Wednesday from Credit Suisse. Moody's lowered GE's senior unsecured debt rating by one notch and that of its financial unit, GE Capital Corp., by two notches on Tuesday, having placed the issuers on review for a possible downgrade March 19. Mitchell believes equity investors are unconcerned with what he describes as Moody's "more cautious methodology towards financial institutions." ... Click to view a price quote on GE. Click to research the Industrial industry.
General Electric Downgrade Gets Big Wall Street Shrug
twocents@thestreet.com (Dan Freed), The Street
Wed, 04/04/2012 - 7:10am
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