Financial Times FT.com

GE offers assurance on credit for industrial projects

By Justin Baer and Francesco Guerrera in New York

Published: November 20 2008 02:00 | Last updated: November 20 2008 02:00

General Electric is willing to extend more financing to customers of its industrial businesses next year to help assure key energy, transportation and water projects proceed even if credit markets remain frozen, the conglomerate's chief executive said.

GE's willingness to fund the most promising infrastructure projects of its customers comes as the world's lenders grapple with the most severe financial crisis in decades.

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