On Dec. 18, 2008, Standard&Poor's Ratings Services revised the outlook on General Electric Capital Corp. (GECC) and all related entities to negative from stable and affirmed the 'AAA' long-term and 'A-1+' short-term counterparty credit ratings. The outlook revision on GECC's parent, General Electric Co. (GE) and accordingly on GECC, reflect in part concerns relating to GECC. (Please see the related research update on GE, also published today on RatingsDirect, the real-time Web-based source for Standard&Poor's credit ratings, research, and risk analysis.) GECC's earnings deterioration in 2009 and 2010 could be greater than we previously assumed. The outlook revision reflects the continuing risks posed by GECC's reliance on confidence-sensitive wholesale funding, despite the benefits of temporary U.S.
