NEW YORK (Standard&Poor's) July 16, 2010--Standard&Poor's Ratings Services said today that General Electric Capital Corp.'s (GECC; AA+/Stable/A-1+) improved second-quarter results will not affect the rating. We continue to view GECC's stand-alone credit profile as 'A'. Overall, second-quarter results met our expectations, as management worked to reduce the relative size of its financial-services business (assets declined almost 5% from year-end 2009) and nonreal estate asset quality showed further signs of stabilization. General Electric Capital Services Inc. (GECS)–-GECC's direct parent-–reported consolidated net earnings from continuing operations of $809 million, more than doubling results from the previous year. Improved results reflect a materially lower credit provision ($2.0 billion versus $2.8 billion) that was partially offset by a 2% decline
