S&P Warns of More Financial Pitfalls Ahead
December 19, 2008 at 15:15 PM EST
A day after S&P lowered its outlook on General Electric (GE) debt, the ratings agency is at it again with downgrades for 11 major U.S. and European banks. The GE debt guidance stated that there is a one-third chance that GE’s coveted AAA rating will drop to AA+ on concerns of deteriorating earnings from GE [...]
