NPR

GE's Credit Downgrade Reflects Economy

General Electric lost its AAA credit rating from Standard & Poor's Ratings Service, which said crumbling economic conditions could worsen credit losses at GE Capital. Still, the one-notch downgrade ...
The Cincinnati Enquirer

City: GE in default on $15M in tax credit deals

General Electric has defaulted on deals that brought it about $15 million in tax breaks to operate Downtown at The Banks, according to Cincinnati officials. The city of Cincinnati sent GE a default ...
Reuters

TAKE A LOOK-S&P cuts GE credit rating, stock rises

Standard & Poor's stripped General Electric Co of its AAA credit rating on Thursday, citing the performance of its finance unit, but its shares rose 13.7 percent as investors breathed a sigh of relief ...
Business Wire

GE Capital Increases Credit Facility for Nexus to $80 Million

HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--GE Capital’s Commercial Distribution Finance (CDF) business today announced an increase to $80 million in the floor plan financing and working capital credit ...
Business Wire

GE Capital Launches Secured Revolving Credit Real Estate Product With $45 Million Facility to Platinum Hospitality Management

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital’s Franchise Finance business announced today that it has provided a $45 million real estate-secured revolving credit facility to new customer Platinum ...
Reuters

GE files to spin off credit card unit

(Reuters) - General Electric Co's credit card unit filed for an initial public offering on Thursday, the first step in the conglomerate's long-awaited plan to exit retail finance and reduce its ...