NEW YORK (Standard&Poor's) Aug. 17, 2015--Standard&Poor's Ratings Services today said it raised its rating on General Electric Capital Corp.'s (GECC) €750 million subordinated notes due on Sept. 19, 2035, to 'AA+' from 'AA'. The upgrade is based on a senior guarantee by parent General Electric Co., which is effective beginning today. The subordinated debt issue had benefited from the replacement capital covenant, which was amended to allow redemption or repayment of outstanding nonpreferred stock hybrid and trust preferred securities--according to the terms without the need to issue a replacement hybrid security. RELATED CRITERIA AND RESEARCH Related Criteria Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions, Jan. 29, 2015 Issue Credit Rating Methodology For Nonbank
