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Prospect News home > News index > List of issuers G > Headlines for GE Capital Global Holdings, LLC > News item |
Fitch revises GE view to negative
Fitch Ratings said it affirmed the long- and short-term issuer default ratings for General Electric Co. (GE) and GE Capital Global Holdings, LLC at AA- and F1+.
The outlook was revised to negative from stable.
Fitch said the negative outlook reflects increased concerns following GE's third quarter earnings around the scope of actions needed to create stronger margins and free cash flow (FCF), recent high working capital usage, a rise in the agency’s estimate of negative FCF in 2017 and weak demand in the power segment that appears likely to carry into 2018.
“Ongoing concerns include large net pension liabilities and the risk of incremental leverage associated with the influence of Trian Fund Management on GE's board,” the agency said in a news release.
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