General Electric Capital Corp. 'AAA/A-1+' Counterparty Credit Ratings Affirmed

NEW YORK (Standard&Poor's) Dec. 17, 2001--Standard&Poor's today affirmed its ratings, including its triple-'A'/'A-1'-plus counterparty credit ratings, on General Electric Capital Corp. (GE Capital) and all its subsidiaries. At the same time, the ratings on General Electric Capital Services Inc. Inc. were also affirmed. The outlook is stable The ratings actions follow GE Capital's announcement that it has reached an agreement to acquire Security Capital Group Inc., an international real estate operating company. The acquisition will complement GE Capital Real Estate's $24 billion real estate portfolio, adding new platforms in self-storage, grocery-anchored retail, and parking, all of which are relatively stable real estate classes. The transaction is expected to close in first-quarter 2002. OUTLOOK: STABLE GE Capital

...NEW YORK (Standard & Poor's) Dec. 17, 2001--Standard & Poor's today affirmed its ratings, including its triple-'A'/'A-1'-plus counterparty credit ratings, on General Electric Capital Corp. (GE Capital) and all its subsidiaries. At the same time, the ratings on General Electric Capital Services Inc. Inc. were also affirmed. The outlook is stable The ratings actions follow GE Capital's announcement that it has reached an agreement to acquire Security Capital Group Inc., an international real estate operating company. The acquisition will complement GE Capital Real Estate's $24 billion real estate portfolio, adding new platforms in self-storage, grocery-anchored retail, and parking, all of which are relatively stable real estate classes. The transaction is expected to close in first-quarter 2002. OUTLOOK: STABLE GE Capital has maintained consistent profitability from its very diverse family of financial services businesses through effective management of its portfolio risk. The pace of acquisitions...

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