July 21 (Bloomberg) --
General
Electric Capital Corp. bonds were cut to “underweight”
because the finance company’s $6.6 billion of reserves to protect
against losses on its loans are “inadequate” compared with large
banks such as
JPMorgan
Chase & Co. and
Citigroup
Inc, Barclays Capital said.
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Shocking, that I haven't heard about this on CNBC today!
Posted by kurzweg on 21st of Jul 2009 at 02:10 pm
July 21 (Bloomberg) -- General Electric Capital Corp. bonds were cut to “underweight” because the finance company’s $6.6 billion of reserves to protect against losses on its loans are “inadequate” compared with large banks such as JPMorgan Chase & Co. and Citigroup Inc, Barclays Capital said.