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DUFF & PHELPS REAFFIRMS TRAVELERS RATINGS

 CHICAGO, Nov. 22 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has reaffirmed all of its outstanding ratings on the Travelers Corporation (Travelers) and its subsidiaries. This rating reaffirmation is in response to the announcement today that Travelers will add $165 million (pre-tax) in the fourth quarter to real estate reserves for foreclosed properties that are held for sale.
 Ratings reaffirmed for the Travelers Corporation include: senior debt rating 'A' (Single-A); subordinated debt rating 'A-' (Single-A- Minus), preferred stock rating 'BBB+' (Triple-B-Plus), and a commercial paper rating Duff 1. The 'AA-' (Double-A-Minus) claims paying ability rating of all the companies of the Travelers' Property and Casualty Group has been reaffirmed. The 'A+' (Single-A- Plus) claims paying ability rating of the Travelers Insurance Company as well as its Duff 1 commercial paper rating are not directly impacted by the charge in the property and casualty company and therefore are also reaffirmed. Approximately $685 million in debt is affected by this rating action.
 The Travelers Property and Casualty Group of Companies consists of the Travelers Indemnity Company Intercompany Pool, as well as six additional companies: Bankers and Shippers Insurance Company, First Trenton Indemnity Company, The Constitution State Insurance Company, The Travelers Corporation, The Travelers Home and Marine Insurance Company, and the TravCo Insurance Company. Members of The Travelers Indemnity Intercompany Pool are The Charter Oak Fire Insurance Company, The Phoenix Insurance Company, The Travelers Indemnity Company, The Travelers Indemnity Company of America, The Travelers Indemnity Company of Illinois, and The Travelers Indemnity Company of Rhode Island.
 -0- 11/22/93
 /CONTACT: Timothy A. Bienek, CFA of Duff & Phelps Credit Rating Co., 312-368-3192/
 (TIC)


CO: Travelers Corporation ST: Illinois IN: INS SU: RTG

WB -- NY090 -- 6975 11/22/93 16:46 EST
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Publication:PR Newswire
Date:Nov 22, 1993
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