MGEC

AcronymDefinition
MGECMinnesota Government Engineers Council
MGECModel Guidelines Expert Committee
MGECMaize Genetics Executive Committee
MGECModified Galactose Elimination Capacity
MGECMammary Gland Epithelial Cell (veterinary microbiology)
MGECMidwest Geriatric Education Center (Now Wisconsin Geriatric Education Center)
References in periodicals archive ?
Both Mubadala and GECC have provided capital and liquidity to the joint venture since founding MGEC (55 per cent of MGEC's current borrowings are due to its shareholders as of June 2015) and are committed to the transaction with MidCap.
The change in outlook on MGEC to negative from stable reflects our opinion
This is because MGEC currently relies heavily on GECC to
primarily driven by Moody's expectation that MGEC will maintain a strong
MGEC has a strong balance sheet, and its proven risk
The Stable Outlook reflects Fitch's expectation of an ongoing ability and propensity on the part of the shareholders to support MGEC until the sale process has been completed and its obligations under its issued debt have been repaid.
The ratings are primarily sensitive, positively or negatively, to a change in the co-owners' perceived ability to support MGEC.
Located in Abu Dhabi, MGEC is a 50/50 commercial fiscal joint endeavor between Mubadala Development Corporation and GE Capital.
Howard Widra, alliance of Apollo Global Management s credit business, that handles MidCap Financial said, We believe that the high quality portfolio that MGEC has built will greatly accelerate our direct origination efforts in the middle market.
The change in outlook on MGEC to negative from stable reflects our opinion that the reduction in size and scope of GECC's operations could negatively impact MGEC's credit profile in terms of asset mix and profitability.
Despite the aforementioned challenges, the ratings affirmation is primarily driven by Moody's expectation that MGEC will maintain a strong financial profile.
Also, both Mubadala and GECC have provided capital and liquidity since founding MGEC (64 per cent of MGEC's current borrowings were due to its shareholders as of December 2014) and we expect both shareholders will support their JV, in case of need.