09.09.2014 02:41:00

General Electric Company -- Moody's: GE's $3.3 billion Sale of Appliances Business to Electrolux is Credit Positive

New York, September 08, 2014 -- Moody's Investors Services said that General Electric Company's (GE; Aa3 stable) September 8th announcement that it has entered into a definitive agreement to sell its Appliances business to Swedish manufacturer Electrolux AB (unrated) for $3.3 billion in cash is a credit positive development, albeit one that will not impact the company's ratings.

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