NEW YORK (Standard&Poor's) Aug. 5, 2003--Standard&Poor's Ratings Services said today that the acquisition by General Electric Capital Corp. (GECC; AAA/Stable/A-1+) of most of the commercial finance business of Transamerica Finance Corp. (BBB+/Stable/—), a wholly owned subsidiary of AEGON N.V. (A+/Stable/A-1), would not affect its ratings on GECC. GE Commercial Finance, a business unit within GECC, will acquire approximately $8.8 billion of assets, primarily composed of commercial finance receivables, including $2.5 billion of receivables that are currently securitized. The acquisition will generate approximately $300 million of goodwill. GECC currently has $200 billion of commercial finance receivables, so this acquisition will not materially increase total assets or leverage. The acquisition helps further GECC's goal of increasing its commercial
