GE strengthens balance sheet as fiscal cliff looms

Oct 22, 2012, 4:15 PM EDT

General Electric has refinanced $5 billion of bonds that were due to reach maturity early next year to avoid any market disruption from the U.S.'s looming fiscal cliff of tax rises and spending cuts. The company is regarded as a bellwether in debt management among U.S. companies, so others are likely to follow suit in strengthening their liquidity.
 

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