No. The non-financial components of GE can be spun off from the finance component to pay off creditors.
GE has a AAA rating at the credit agencies, as far as I am aware. Or has it been downgraded in the last days? What are the rumors? I mean, what the heck is going on with GE?
The ratings agencies are always "a day late". The market has to move lower to compel them to do their job.