Underscoring the dimensions of the issue, Moody’s stated that GE’s “very elevated leverage” may lead it to downgrade the corporate’s score by a number of notches. Scores downgrades could make it dearer for firms to borrow cash.
The excellent news is that S&P up to date its outlook on GE to “secure” as a result of the agency expects leverage and money stream will enhance within the coming years.
However GE’s funds have deteriorated additional. S&P listed the dividend as one in all a number of levers Culp may pull to scale back debt.
In an announcement, GE stated it has a “sound liquidity place” that features money and working credit score traces.
Repeating feedback made by Culp on Monday, GE stated it stays “dedicated to strengthening the stability sheet together with deleveraging.”