Sunday, March 15, 2009

General Electric stripped of AAA credit rating


General Electric J-47-27 USAF


Thursday, 12 Mar 2009
GE Ratings Cut: Only 5 AAA Industrials Left (click here)
Standard & Poor's downgraded General Electric*, lowering its rating by one notch to AA-plus with a stable outlook, down from the top-tier, AAA credit rating it enjoyed. S&P cited the credit profile of the conglomerate's GE Capital arm. Following are some fascinating if sobering facts about GE and other big stocks....


The five survivors:
- ADP (Automatic Data Processing)
[ADP 35.36 0.24 (+0.68%) ]

- Exxon Mobil
[XOM 67.20 0.05 (+0.07%) ]

- Johnson & Johnson
[JNJ 50.64 1.64 (+3.35%) ]

- Pfizer
[PFE 14.54 0.52 (+3.71%) ]


- Microsoft
[MSFT 16.65 -0.36 (-2.12%) ]