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ITT FINANCIAL $100 MILLION NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Feb. 11 /PRNewswire/ -- ITT Financial Corp.'s new $100 million floating rate notes due Feb. 18, 1994 are rated "A+" by Fitch. ITT Financial's ratings were affirmed on January 19, and its credit trend changed to improving from stable, following the announcement of a $612 million after-tax restructuring charge.
 The ratings reflect stronger reserves that will result from the restructuring, an accompanying capital infusion from ITT Corp., and the improved operating potential from a refocused business strategy and management team. The improving trend reflects the likelihood of better earnings as poorly performing units are downsized and investments are made in markets with better potential.
 -0- 2/11/93
 /CONTACT: Nancy E. Stroker, CFA of Fitch, 212) 908-0533.3
 (ITT)


CO: ITT Financial Corp. ST: New York IN: FIN SU: RTG

TS -- NY066 -- 5782 02/11/93 14:24 EST
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Publication:PR Newswire
Date:Feb 11, 1993
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/C O R R E C T I O N -- FITCH/HOUSEHOLD FINANCE/(Correction Notice)

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