Bulletin: General Electric Capital Corp. Rating Unaffected By Fourth-Quarter Results - S&P Global Ratings’ Credit Research

Bulletin: General Electric Capital Corp. Rating Unaffected By Fourth-Quarter Results

Bulletin: General Electric Capital Corp. Rating Unaffected By Fourth-Quarter Results - S&P Global Ratings’ Credit Research
Bulletin: General Electric Capital Corp. Rating Unaffected By Fourth-Quarter Results
Published Jan 21, 2011
982 words — Published Jan 21, 2011
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Abstract:

NEW YORK (Standard&Poor's) Jan. 21, 2011--Standard&Poor's Ratings Services said today that General Electric Capital Corp.'s (GECC; AA+/Stable/A-1+) fourth-quarter results will not affect the rating. We continue to view GECC's stand-alone credit profile as 'A'. GE Capital completed the strategic sale of BAC Credomatic GECF Inc., which helped generate a consolidated net profit of $1.6 billion at General Electric Capital Services Inc. (GECS). GECS–-GECC's direct parent--reported consolidated net earnings from continuing operations of $1.06 billion in the fourth-quarter versus $21 million in the year-earlier period. For 2010, net earnings from continuing operations more than doubled to $3.1 billion from $1.3 billion in 2009. Improved results from continuing operations in the fourth quarter reflect materially lower credit provisions

  
Brief Excerpt:

RESEARCH Bulletin: General Electric Capital Corp. Rating Unaffected By Fourth-Quarter Results Publication date: 21-Jan-2011 Primary Credit Analyst: Rian M Pressman, CFA, New York (1) 212-438-2574; rian_pressman@standardandpoors.com...

  
Report Type:

Bulletin

Ticker
GELK
Issuer
GICS
Other Diversified Financial Services (40201020)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: General Electric Capital Corp. Rating Unaffected By Fourth-Quarter Results" Jan 21, 2011. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-General-Electric-Capital-Corp-Rating-Unaffected-By-Fourth-Quarter-Results-844301>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: General Electric Capital Corp. Rating Unaffected By Fourth-Quarter Results Jan 21, 2011. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-General-Electric-Capital-Corp-Rating-Unaffected-By-Fourth-Quarter-Results-844301>
  
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