NEW YORK (Standard&Poor's) April 17, 2014--First-quarter 2014 results for General Electric Capital Corp. (GECC; AA+/Stable/A-1+) were consistent with first-quarter 2013 and in line with our expectations. Net income from continuing operations was $1.9 billion. Revenue was $10.5 billion, down 8% because of the gain from the disposition of 30 Rockefeller Center in first-quarter 2013. We believe GECC's financial performance continues to be consistent with our stand-alone credit profile of 'a' on the company, and our ratings on GECC are unchanged. We expect the planned split-off of GECC's North American retail finance business will lead to somewhat lower earnings in 2014 and beyond. (We expect the first phase, a partial initial public offering, to occur in 2014.) However, we
