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Luke Sharrett | Bloomberg | Getty Images
A worker cleans a part of a gas turbine on the assembly line at the General Electric energy plant in Greenville, South Carolina.
Standard & Poor’s downgraded General Electric’s credit rating on Tuesday, a day after the company announced the firing of its CEO and that it would take a $23 billion charge because of its power business.
In a statement Tuesday after the announcement by Moody’s, GE said it “has a sound liquidity position, including cash and operating credit lines. We remain committed to strengthening the balance sheet including deleveraging.”
WATCH: Three experts on GE’s future after firing CEO John Flannery
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