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DUFF & PHELPS TO MONITOR DOW CORNINGAND IMPACT OF BREAST IMPLANT SETTLEMENT

 CHICAGO, Sept. 9 /PRNewswire/ -- Duff & Phelps will continue to monitor Dow Corning in light of the proposed breast implant settlement announced today. It will likely take some time to finalize the settlement, which involves all implant manufacturers, their insurance carriers, and doctors and hospitals. However, we are encouraged that progress is being made.
 We view the settlement as better defining the bounds of legal liability for Dow Corning as beneficial to Dow Corning and its parents Dow Chemical and Corning. And, although the amount which would presumably be Dow Corning's share is higher than insurance and reserves, it is less than the potential liability from individual cases.
 Dow Corning's senior debt is rated 'A+' (Single-A-Plus), Corning is rated 'AA-' (Double-A-Minus) and both are currently on Rating Watch -- Down. Dow Chemical is also rated 'A+' (Single-A-Plus).
 -0- 9/9/93
 /CONTACT: Martin Ressinger of Duff & Phelps, 312-630-4657/
 (DOW)


CO: Dow Corning; Dow Chemical ST: Illinois IN: MTC SU: RTG

LD -- NY089 -- 0500 09/09/93 17:08 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
Words:167
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