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DUFF & PHELPS RATES SALOMON INC SHELF

 CHICAGO , Feb. 5 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a preliminary rating of 'A+' to Salomon Inc's $5 billion shelf offering of medium-term notes. The rating is the same as that assigned to Salomon Inc's outstanding senior debt.
 Salomon Inc implemented a number of positive organizational changes following the treasury auction violations and continues to enjoy strong profitability. Excluding a treasury auction - related charge of $164 million (after tax), 1992 earnings were a record $714 million. The high quality and liquid nature of Salomon Inc's balance sheet is an ongoing positive.
 -0- 2/5/93
 /CONTACT: Philip M. Zahn, CFA of Duff & Phelps, 312-368-3154/
 (SB)


CO: Salomon Inc ST: Illinois IN: FIN SU: RTG

SH -- NY045 -- 3638 02/05/93 15:33 EST
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Publication:PR Newswire
Date:Feb 5, 1993
Words:125
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