Fitch Ratings has downgraded the long-term Issuer Default Ratings (IDRs) for General Electric Company (GE) and GE Capital Global Holdings, LLC (GE Capital) to A from A+. Fitch has affirmed the short-term IDRs at F1. The Rating Outlook is negative. The downgrade of GE’s ratings incorporates Fitch’s expectation that the company’s cash flow and earnings will continue to be constrained while it addresses underperformance in the power business, evaluates its business portfolio, and carries out extensive restructuring actions to reduce its cost structure. Other considerations include the trend in GE’s portfolio actions, which Fitch believes will likely reduce the company’s

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