Our parent company, General Electric , down $0.60 after the close (about 5 percent), as Moody's has announced they have placed GE and GE Capital's long-term debt ratings on review for possible downgrade.
For GE Capital, Moody's said the concern is that "that deepening global economic weakness could further compromise GECS' asset quality, potentially jeopardizing its ability to meet earnings objectives while also maintaining high earnings quality."
- Citigroup Names Interim CEO of Citi Holdings Unit
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