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Current DateTime: 05:12:00 26 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Mar.12
11:43 AM ET
Thursday, 12 Mar 2009
GE Ratings Cut: Only 5 AAA Industrials Left

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:

Matt Nesto, CNBC Reporter

Matt Nesto
CNBC Reporter

GE [GE  Loading...      ()   ] 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 [BRK.A  Loading...      ()   ], and multinationals, e.g., Toyota Motor [TM  Loading...      ()   ].)

The five survivors:

- ADP [ADP  Loading...      ()   ]
- Exxon Mobil [XOM  Loading...      ()   ]
- Johnson & Johnson [JNJ  Loading...      ()   ]
- Pfizer [PFE  Loading...      ()   ]
- Microsoft [MSFT  Loading...      ()   ]

...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.

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© 2009 CNBC.com

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Current DateTime: 01:44:15 26 Nov 2009
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