S&P: General Electric debt AA+

Standard & Poor's said it assigned its AA+ rating to General Electric Co.'s proposed senior unsecured debt offering of upwards of $5 billion.

In S&P's view, the agency said, the company's higher cash balance over the next four months effectively offsets the incremental leverage and interest expense. The final mixture of amounts and maturities from the proposed issue could vary depending upon market demand, the agency said.

The agency said the AA+ corporate credit rating on GE reflects the company's excellent business risk profile and modest financial risk profile.

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