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AETNA LIFE AND CASUALTY COMPANY $500 MILLION ALL PURPOSE SHELF REGISTRATION RATED 'AA' BY DUFF & PHELPS

 CHICAGO, April 23 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a preliminary `AA' (Double-A) senior debt rating to Aetna Life and Casualty Company's (Aetna) $500 million all purpose shelf registration. By the nature of the registration, Aetna may offer a combination of debt, preferred stock and/or common stock up to a limit of $500 million. The net proceeds from the sale of securities will be used for general corporate purposes. Aetna currently has outstanding $700 million of senior debt which is rated `AA' (Double-A) by Duff & Phelps. At present Aetna does not have preferred stock outstanding.
 Aetna and its subsidiaries constitute the largest stockholder-owned insurance company in the United States' with $89.8 billion of assets at year-end 1992. Based on premium rankings, Aetna is also one of the nation's largest stock property-casualty insurers, one of the largest writers of group health and managed care products, group life, and annuity and pension products.
 -0- 4/23/93
 /CONTACT: Timothy A. Bienek of Duff & Phelps Credit Rating Co., 312-368-3192/
 (AET)


CO: Aetna Life and Casualty Company ST: Connecticut IN: INS SU: RTG

PS -- NY060 -- 0079 04/23/93 12:54 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
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