TORONTO (Standard&Poor's) Jan. 21, 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 good fourth-quarter results, which were in line with our expectations. Compared with fourth-quarter 2011, GECC revenues were up 2% year-over-year, with segment profit up 9%. Full-year segment profit was up 12%. Quarterly performance benefited from solid contributions from all business units, notwithstanding GECC's continuing overall reduction in total assets. The biggest increases came from GECC's real estate, consumer, and aviation units, while Commercial Lending and Leasing was down 30% year-on-year, substantially due to reduced assets and a one-time IRS settlement affecting the prior year's results. Contribution from the energy unit was flat year-on-year.
