Moody's says Boeing's suspension of 737 MAX production is credit negative for General Electric but does not affect ratings
Announcement: Moody's says Boeing's suspension of 737 MAX production is credit negative for General Electric but does not affect ratings. Global Credit Research- 20 Dec 2019. New York, December 20, 2019-- Moody's Investors Service said that Boeing's suspension of the 737 MAX production is credit negative but does not affect the ratings of General Electric Company, including the Baa1 senior unsecured rating and the P-2 short term rating.General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
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