Moody's cuts GE Capital Mexican

Moody's Investors Service said it downgraded to Aa2 from Aaa the long-term global local currency senior debt rating assigned to GE Capital Mexican Funding Trust's certificados bursatiles.

At the same time, the short-term global local currency debt rating of Prime-1 was affirmed, the agency said.

Additionally, Moody's de México said it affirmed the long- and short-term Mexican national-scale debt ratings of Aaa.mx/MX-1.

The outlook is stable.

According to the agency, the rating action follows a similar action taken on parent company General Electric Capital Corp.'s rating, where the senior unsecured rating was downgraded to Aa2 from Aaa, with a stable outlook.

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