NEW YORK (Standard&Poor's) Jan. 22, 2010--Standard&Poor's Ratings Services said today that its ratings on General Electric Capital Corp. (GECC; AA+/Stable/A-1+) are not affected by the company's weak fourth-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 only $71 million--off 88% from the year-earlier period--and a substantial $799 million pretax loss. GECC's weak credit performance continues to pressure earnings. Thus, delinquencies, charge-offs, and nonperforming asset levels remained elevated across its major businesses. Its nonearning asset ratio improved modestly to 3.84% in the fourth quarter from 3.88% in the third quarter, but remains at elevated levels. There was
