GE Aerospace (GE) shares rose on April 17 following a credit outlook upgrade from S&P Global. The agency shifted the company's rating from Stable to Positive on April 16. S&P cited improved credit metrics and reduced leverage as primary drivers. Robust demand within the aerospace sector also contributed to the revised outlook ahead of the Q1 earnings report.
GE Aerospace also announced a technical agreement with India's Hindustan Aeronautics on April 17. The partners will jointly manufacture jet engines to expand GE's footprint in India. Financial terms of the manufacturing partnership remain undisclosed.