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S&P: No change to General Electric
Standard & Poor's said General Electric Co.' s announcement that it will purchase Avio SpA for about €3.3 billion does not affect the ratings or outlook on the company.
The agency said it assumes the purchase will be funded from operating cash flow.
The ratings on General Electric reflect S&P's view of the company's diversity of end markets, track record of solid profitability, significant cash flow from services businesses and substantial liquidity.
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