TORONTO (Standard&Poor's) April 20, 2012--Standard&Poor's Ratings Services today said its ratings on General Electric Capital Corp. (GECC; AA+/Stable/A-1+) are not affected by the company's first-quarter results, which were in line with our expectations. We continue to view the company's stand-alone credit profile as 'a'. During the quarter, GECC merged with General Electric Capital Services (GECS), formerly its direct parent. GECC's continuing operations now include the run-off insurance operations that GECS previously held. GECC reported net earnings from continuing operations of $1.8 billion in the first quarter, up 18% from $1.52 billion in the prior year (adjusted for a $317 million gain from the sale of Garanti Bank in first-quarter 2011). Core earnings were generally higher across
