TORONTO (Standard&Poor's) April 22, 2013--Standard&Poor's Ratings Services today said its ratings on General Electric Capital Corp. (GECC; AA+/Stable/A-1+) are unaffected by the company's stable overall first-quarter performance, which was in line with our expectations. The company reported a 2% year-on-year revenue increase, and a 9% gain in net income, while continuing to incrementally reduce ending net investment (ENI) and financial leverage. Earnings contributions from the Commercial Lending and Leasing (CLL) and Consumer segments were down 40% and 37%, respectively, due to restructuring charges, a specific impairment charge, a policy-driven reserve increase in the Consumer segment, and incremental reduction of CLL segment assets. Offsetting these declines was the continuing strong real estate performance, including a nonrecurring gain
