GE's Relief Rally Gets a Reality Check From Moody's

General Electric Co. is making progress on its reinvention, but Moody’s Investors Service Inc. just provided an important reality check. The credit-rating company on Wednesday said it now has a negative outlook on GE as a whole, and lowered the stand-alone credit profile for GE Capital to Ba1, one step below investment grade. The move knocked GE shares down more than 4 percent, erasing the gains from last Friday after the company reported better-than-expected results and maintained its 2018 outlook.