GE Credit Rating Cut by Fitch in Echo of Moody's, S&P Downgrades

(Bloomberg) -- General Electric Co.’s credit rating was cut by Fitch Ratings, which echoed the concern of Moody’s Investors Service and S&P Global Ratings about the deterioration at the manufacturer’s power division.

Fitch lowered its long-term rating on GE two notches to BBB+, or three steps over junk. Moody’s made a similar reduction this week, following a cut earlier last month by S&P Global Ratings.

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