GE Outperforming Market Despite Moody's Downgrade

General Electric (GE) fell 1% in early afternoon trading Wednesday after Moody's downgraded the conglomerate late Tuesday, citing GE Capital risks. Moody's recently revised its global rating method, and GE's debt fell into a lower rating category under the new method. The ratings agency downgraded GE corporate's debt to Aa3 from Aa2, and lowered the rating on GE Capital's debt to A1 from Aa2. Moody's said the move also reflected GE Capital's
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