S&P Corrects Rating On Delaware Cty. Industrial Development Authority Issue Guaranteed By General Electric Capital Corp - S&P Global Ratings’ Credit Research

S&P Corrects Rating On Delaware Cty. Industrial Development Authority Issue Guaranteed By General Electric Capital Corp

S&P Corrects Rating On Delaware Cty. Industrial Development Authority Issue Guaranteed By General Electric Capital Corp - S&P Global Ratings’ Credit Research
S&P Corrects Rating On Delaware Cty. Industrial Development Authority Issue Guaranteed By General Electric Capital Corp
Published Jun 08, 2010
943 words — Published Jun 08, 2010
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Abstract:

NEW YORK (Standard&Poor's) June 8, 2010--Standard&Poor's Ratings Services said today that it has corrected by lowering its rating on the $5.6 million adjustable-rate, senior unsecured refunding (resource recovery facility) debt maturing on Dec. 1, 2031 (cusip 246018DT9) issued by the Delaware County Industrial Development Authority and guaranteed by General Electric Capital Corp. (GE Capital). We lowered the rating to 'AA+/A-1+' from 'AAA/A-1+'. The rating on the issue is based on the rating on GE Capital. On March 12, 2009, we lowered our long-term counterparty credit rating on GE Capital to 'AA+' from 'AAA'. However, due to an error, we did not contemporaneously lower the long-term rating on the issue. RATING LIST General Electric Capital Corp. Counterparty

  
Brief Excerpt:

RESEARCH S&P Corrects Rating On Delaware Cty. Industrial Development Authority Issue Guaranteed By General Electric Capital Corp Publication date: 08-Jun-2010 Primary Credit Analyst: John K Bartko, New York (1) 212-438-7368; john_bartko@standardandpoors...

  
Report Type:

Ratings Action

Ticker
GELK
Issuer
GICS
Other Diversified Financial Services (40201020)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects Rating On Delaware Cty. Industrial Development Authority Issue Guaranteed By General Electric Capital Corp" Jun 08, 2010. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Rating-On-Delaware-Cty-Industrial-Development-Authority-Issue-Guaranteed-By-General-Electric-Capital-Corp-803189>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects Rating On Delaware Cty. Industrial Development Authority Issue Guaranteed By General Electric Capital Corp Jun 08, 2010. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Rating-On-Delaware-Cty-Industrial-Development-Authority-Issue-Guaranteed-By-General-Electric-Capital-Corp-803189>
  
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