Moody’s Investors Service said Tuesday it was reviewing General Electric’s triple-A credit ratings, which could lead to a downgrade, and its shares fell as much as 5% in extended trade, reports Reuters. The move raises the risk that GE, which has a hefty finance business, could lose the long-term top rating that has been a cornerstone of its GE Capital finance business. A rating downgrade could make it more difficult and costly for GE to borrow money. On Monday, S&P - which has already warned it could cut GE’s triple-A rating - said its view would not be affected by disappointing Q4 results but warned that GE Capital was likely to have increasing difficulty meeting earnings targets.
