General Electric Co.’s (GE) credit outlook was lowered to negative from stable by rating agency S&P Global, amid concern that the engine maker won’t be able to reduce debt leverage, should the aviation industry fail to see the start of a recovery later this year.The outlook change comes after GE disclosed that it expects adjusted 1Q EPS to be “materially below” its prior guidance on March 4, 2020 of about $0.10, according to preliminary figures and withdrew financial guidance for 2020. In March GE announced job cuts at its aviation unit, which makes engines for Boeing Co (BA) and Airbus …read more
Source:: Yahoo Finance
