The administration reorganization announced today by General Electric Co. (GE; rated AAA/Stable/A-1+) Chairman and CEO Jeff Immelt has no effect on General Electric Capital Corp.'s (AAA/Stable/A-1+) legal structure, and therefore has no impact on Standard&Poor's credit ratings of the company. The business line restructuring effectively streamlines its operations into four distinct businesses, which directly report to Mr. Immelt and GE Vice Chairman Dennis Dammerman, who oversees General Electric Capital Corp. The four financial businesses are: GE Commercial Finance, GE Consumer Finance, GE Equipment Management, and GE Insurance.
