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ARISTAR $100 MILLION 6.25 PERCENT SENIOR NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

ARISTAR $100 MILLION 6.25 PERCENT SENIOR NOTES RATED 'A' BY FITCH -- FITCH
 FINANCIAL WIRE --
 NEW YORK, July 7 /PRNewswire/ -- Aristar, Inc.'s $100 million 6.25 percent senior notes due July 15, 1996, are rated 'A' by Fitch. The credit trend is stable. The rating reflects Aristar's good earnings and asset quality, supported by conservative management and a strong balance sheet. The company also benefits from its ownership by the 'A' rated Great Western Bank.
 A relatively small finance company, Aristar's assets have been growing at a measured pace through acquisitions, but remain concentrated in the southern U.S. The business likewise is narrowly focused on secured consumer loans, which maintain a smooth and consistent track record.
 Aristar is very well capitalized with a debt/equity multiple of 3.64 times at March 31, 1992. To bring leverage in line with its peers, Aristar is aiming to grow its asset base faster than its earnings. With sluggish conditions in the regional economy limiting internal growth, Aristar made two large local acquisitions with combined assets of $281 million in 1991. The company's challenge in growing will be to find opportunities which complement its asset profile and which exhibit the same earnings characteristics as its existing book of business.
 -0- 07/07/92
 CONTACT: Valerie Gerard of Fitch, 212-908-0577 CO: ARISTAR INC. IN: FIN ST: FL -- NY071 -- X854 07/07/92
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Publication:PR Newswire
Date:Jul 7, 1992
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