This week, GE stuck to its 2008 profit outlook and its current plan to offer an annual dividend of $1.24 a share in 2009. If needed, S&P estimates GE to have $10 billion it could inject into GE Capital, which recently got a $5 billion infusion. Please note that because the site you are going to is not controlled by Synchrony, you will be subject to the terms of use and privacy. A lower S&P credit rating would make that more difficult. Summary screens: Get a quick snapshot of your. Some of the profit GE Capital generates stems from its ability to borrow cheap money. 24/7 Secure Access: MyAccounts registered users can enjoy the convenience of securely accessing their data 24/7.
For 2009, the unit is expected make a $5 billion profit. In 2008, the company has said the unit will make a profit of $8 billion. GE Capital is in the process of shrinking the size of its asset-portfolio, reducing its debt exposure, and widening it sources of funding. Whether you use your healthcare credit card for your deductible, or to pay for treatments and procedures not covered by insurance, CareCredit helps make the health, wellness and beauty treatments and procedures you want possible today.
It reaffirmed its AAA long-term and A-1+ short term credit rating. With CareCredit healthcare financing is made easy.
"We believe there is some risk that credit performance in 2009 could be significantly worse than management's forecast, given the potential for a sharp increase in losses at GECC's commercial businesses, reflecting the economic downturn unfolding in a number of its key geographic markets and consumer segments," S&P said in a statement.Īnd GE Capital to negative, from stable.
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