S&P lifts General Electric Capital hybrids

Standard & Poor's said it raised the ratings on General Electric Capital Corp.'s $7.7 billion hybrid capital securities to AA- from A+.

The actions followed a review of the company's hybrid securities under the agency's revised hybrid capital methodology, S&P said.

Consistent with the hybrid criteria, the ratings on the hybrid securities are two notches below General Electric Capital's AA+ long-term issuer credit rating.

The ratings reflect a view that group support from the ultimate parent company, General Electric Co., would extend to General Electric Capital's hybrid capital securities, the agency said.

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