TORONTO (Standard&Poor's) Oct. 18, 2013--Third-quarter results for General Electric Capital Corp. (GECC) included stable overall earnings with continuing progress on streamlining the consumer and commercial loan portfolio (and more expected in the fourth quarter). Reduction of ending net investment (ENI) by 9% year-on-year spurred a 5% year-on-year revenue reduction, while expenses were down 8%, producing a 7% year-on-year gain in quarterly earnings. We expect continuing incremental performance along these lines, with potential for the announcement of additional ENI reductions in the fourth quarter. We view performance through the third quarter as strong, and consistent with our current ratings on GECC (AA+/Stable/A-1+) and on the 'a' stand-alone credit profile we ascribe to GECC. We expect continuing stable to positive
