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GE Ratings Cut: Only 5 AAA Industrials Left

Thursday, 12 Mar 2009 | 11:43 AM ET

Standard & Poor's downgraded General Electric*, lowering its rating by one notch to AA-plus with a stable outlook, down from the top-tier, AAA credit rating it enjoyed. S&P cited the credit profile of the conglomerate's GE Capital arm. Following are some fascinating if sobering facts about GE and other big stocks....

Per Standard & Poor's:

GE was AAA rated since 1956.
(Recall that the recent dividend cut was the first time that happened since 1938.)

That leaves only five U.S. industrial companies remaining now with triple-A ratings. (That excludes financials, e.g., Berkshire Hathaway , and multinationals, e.g., Toyota Motor .)

The five survivors:

- ADP
- Exxon Mobil
- Johnson & Johnson
- Pfizer
- Microsoft

...and of these 5... only Pfizer is on credit watch/negative since 1/26/09

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Disclosures:

*General Electric is the corporate parent of CNBC.

Disclaimer

  Price   Change %Change
ADP
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BRK.A
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GE
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JNJ
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MSFT
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PFE
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7203.T
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XOM
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