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GMAC $2.9 BILLION SHELF DEBT RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 GMAC $2.9 BILLION SHELF DEBT RATED 'A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Oct. 30 /PRNewswire/ -- General Motors Acceptance Corp.'s $2.9 billion shelf registration of debt securities is rated 'A+' by Fitch. GMAC's rating reflects its consistently strong earnings stream, good asset quality, and sound balance sheet. GMAC's performance has been resilient despite the weak automotive cycle and earnings pressures at its parent, General Motors Corp.
 -0- 10/30/92
 /CONTACT: Nancy E. Stroker of Fitch, 212-908-0533/
 (GM) CO: General Motors Acceptance Corp.; General Motors Corp. ST: Michigan IN: AUT FIN SU: RTG


AH -- NY085 -- 7243 10/30/92 15:34 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:106
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