S&P rates General Electric notes AA+

Standard & Poor's said it assigned an AA+ rating to General Electric Co.'s proposed 10- and 30-year senior unsecured note offering.

The proceeds will be used for general corporate purposes.

The ratings reflect the company's excellent business risk profile, modest financial risk profile and additional benefits from its significant business portfolio diversification, S&P said.

These positive factors are offset by the contingent risks associated with its large finance subsidiary, General Electric Capital Corp., the agency said.

Its credit measures have improved substantially over the past year due to significantly lower pension underfunding and good industrial segment profitability, S&P added.

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