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GE's Immelt Says Markets Priced In Rating Downgrade; Has Cash Flow To Pay Dividend
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GE’s (NYSE: GE) CEO Immelt is making comments at WSJ event in New York this AM.. Immelt says a ratings downgrade wouldn’t change the way he runs the company. He also said the markets have already priced in a credit downgrade. On the divided, Immelt says the company the has cash flow to pay it.
Shares of GE’s have been making fresh 52-week lows daily on fears of a potential dividend cut or AAA rating cut, or both.
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