As junk threat weighs, GE looks to asset sales

摘要

Industrial giant general electric faces a challenging 2019 as it looks to sell assets to reduce its massive debt load and salvage its investment-grade ratings. The company's bonds have stabilised after a brutal sell-off following downgrades to Baa1/ BBB+/BBB+, which triggered forced selling by some buyside accounts that had limits on how much Triple B debt they can own in a single company.