NEW YORK (Standard&Poor's) Oct. 16, 2009--Standard&Poor's Ratings Services said today that General Electric Capital Corp.'s (GECC; AA+/Stable/A-1+) weak third-quarter results will not affect the rating. 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 only $141 million--off 93% from the year-earlier period--and a substantial $997 million pretax loss. GECC's deteriorating credit performance continues to pressure earnings. Thus, delinquencies, charge-offs, and nonperforming asset levels remained elevated across its major businesses. The nonearning asset ratio increased to a high 3.88% in the third quarter from 3.58% in the second quarter. There was a further substantial net addition to loan-loss reserves of $800
