Fitch says extra debt issuance won’t impact GE’s rating 

Fitch Ratings says General Electric Company’s (GE) $1.5 billion add-on to its previously issued $2,250 million of 4.35% senior unsecured notes due 2050 and GE Capital Funding, $1.5 billion add-on to its $1.4 billion of 4.4% senior unsecured notes due 2030 do not affect the company’s ratings. Fitch continues to rate the 2050 and 2030 notes ‘BBB’. Proceeds will be used to reduce debt, while the Long-Term Issuer Default Ratings for GE and GE Capital Funding are BBB with a stable outlook. Fitch says GE is seeing large reductions in activity in the aviation market, execution challenges in Renewable Energy,