Which do you think will happen first: investors re-price

GE's bonds or S & P changes the ratings on the bonds?

Explain why,

Case 1: GE Bonds Principal Due (USD) 748.0 Coupon/Base Maturity Rate 4.250% 2040 1,277.0 4.350% 2050 1,002.0 5,030% Description Type 4250% Notes Due 2040 Bonds and Notes 4.350% Notes Due 2050 Bonds and Notes Current Portion of Long-Other Borrowings Term Borrowings Senior Unsecured Debt - Bonds and Notes 3.450% Notes Due 2027 Senior Unsecured Debt Bonds and Notes 3.625% Notes Due 2030 Sep-30-2022 1.000.0 3.450% 2027 1.250.0 3.625% 2030 Term 1-year 5-year 6-year 7-year B-year 9-year 10-year 19-year 29-year BBB 0.99% 2.30% 2.50% 2.68% 2.84% 2.98% 3.10% 3.75% 3.84% BB 2.05% 3.76% 4.05% 4.31% 4.54% 4.74% 4.93% 5.91% 6.08%