NEW YORK (Standard&Poor's) Feb. 26, 2014--Standard&Poor's Ratings Services said today that its ratings on General Electric Capital Corp. (GECC; AA+/Stable/A-1+) remain unchanged following the company's announcement that its parent, General Electric Co. (AA+/Stable/A-1+), reached a settlement with Shinsei Bank for claims associated with GECC's former consumer business in Japan. Specifically, this settlement will end GECC's obligation to reimburse Shinsei for refunds of interest paid in excess of the statutory interest rates by customers of the Japanese consumer finance business that GECC sold to Shinsei in 2008 (otherwise known as "Grey Zone" claims). GECC will pay Shinsei $1.7 billion and record an addition to reserves in discontinued operations of $1 billion for 2013. (GECC's 2013 earnings of
