NEW YORK (Standard&Poor's) July 18, 2014--Second-quarter 2014 results for General Electric Capital Corp. (GECC; AA+/Stable/A-1+) were consistent with those of second-quarter 2013 and in line with Standard&Poor's Ratings Services' expectations. Revenue was $10.2 billion, down 6% from the prior year's quarter. Net income from continuing operations was $1.9 billion, reflecting the impact of lower-earning assets and an $85 million after-tax loss provision related to the effect of recent consumer pricing legislation in Hungary. These together offset the tax benefits that arose from the planned sale of GECC's Nordic consumer banking business and lower overall asset impairments. Standard&Poor's believes GECC's financial performance continues to be consistent with its 'a' stand-alone credit profile on the company,
