Fitch affirms General Electric

Fitch Ratings said it affirmed the long-term issuer default ratings for General Electric Co. and GE Capital Global Holdings, LLC at BBB+.

The outlook is negative.

Fitch affirmed the companies' short-term issuer default ratings at F2.

The agency said it expects GE's financial results and credit metrics will be weak for the ratings while it executes against a significant multi-year realignment of the company.

The current ratings incorporate an assumption that upon completion of the realignment, GE will operate as a smaller, more focused company, generate consistently positive FCF and have lower financial leverage, Fitch said.

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