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Cost of General Electric credit insurance rises along with coronavirus concerns [Reuters (UK)]

GE Aerospace (GE)  More Company Research Source: Reuters
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Cost of General Electric credit insurance rises along with coronavirus concerns - Reuters 3 Min Read NEW YORK (Reuters) - The cost to insure General Electric Co ( GE.N ) debt has shot up to levels last seen in 2018, possibly reflecting concern about the company’s exposure to coronavirus-induced declines in interest rates, air travel and global growth. GE credit default swaps, a measure of confidence in a company’s capacity to repay debt, were priced at 200.7 basis points on Wednesday, up 119% from 91.67 a week ago, according to data from Markit. It was their highest level since December 2018, just after GE’s credit ratings were cut and investors worried its debt might become non-investment grade. A comparable credit default swap index of investment-grade companies is up about 60% over the same period. A GE spokeswoman on Wednesday pointed to Chief Executive Larry Culp’s remarks that coronavirus and last week’s U.S. interest rate cut had not altered GE’s 2020 debt-reduction goal. “Th [Read more]
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Stockreport

Cost of General Electric credit insurance rises along with coronavirus concerns [Reuters (UK)]

GE Aerospace  (GE) 
More Company Research Source: Reuters
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Cost of General Electric credit insurance rises along with coronavirus concerns - Reuters 3 Min Read NEW YORK (Reuters) - The cost to insure General Electric Co ( GE.N ) debt has shot up to levels last seen in 2018, possibly reflecting concern about the company’s exposure to coronavirus-induced declines in interest rates, air travel and global growth. GE credit default swaps, a measure of confidence in a company’s capacity to repay debt, were priced at 200.7 basis points on Wednesday, up 119% from 91.67 a week ago, according to data from Markit. It was their highest level since December 2018, just after GE’s credit ratings were cut and investors worried its debt might become non-investment grade. A comparable credit default swap index of investment-grade companies is up about 60% over the same period. A GE spokeswoman on Wednesday pointed to Chief Executive Larry Culp’s remarks that coronavirus and last week’s U.S. interest rate cut had not altered GE’s 2020 debt-reduction goal. “Th [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GE
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS