NEW YORK (Standard&Poor's) April 16, 2010--Standard&Poor's Ratings Services said today that its rating on General Electric Capital Corp. (GECC; AA+/Stable/A-1+) is unaffected by GECC's improved first-quarter results. We continue to view GECC's stand-alone credit profile as 'A'. General Electric Capital Services Inc. (GECS)--GECC's direct parent--reported consolidated net earnings from continuing operations of $542 million--off 47% from last year, but a material improvement from the fourth quarter. Total consolidated pretax income of $185 million, though still muted, is in stark contrast to the $799 million loss for the previous quarter. Though improving, GECC's credit performance remains weak and delinquencies, charge-offs, and nonearning asset levels remain elevated across its major business lines. Delinquencies in the consumer and equipment
