...+ On April 10, 2015, General Electric Co. (GE) announced its plans to significantly reduce the size of General Electric Capital Corp. (GECC) by rapidly divesting the businesses not closely aligned with GE's industrial operations. GE also announced its intention to merge GECC into GE. + In addition, GE announced that it had amended its support agreement with GECC to include a guarantee of GECC's tradable senior and subordinated debt and commercial paper. + As a result, we are affirming our ratings on GECC, including our '##+/A-1+' issuer credit ratings. + The stable rating outlook reflects our expectation that GE will maintain its explicit support of GECC debtholders through the guarantee and eventual merger, while exiting GECC's noncore business lines in an orderly manner. NEW YORK (Standard & Poor's) April 10, 2015--Standard & Poor's Ratings Services today affirmed its ratings on General Electric Capital Corp. (GECC), including the '##+/A-1+' issuer credit ratings. The rating outlook is...
