Printer Friendly

PHH CORP. MEDIUM-TERM NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, July 12 /PRNewswire/ -- PHH Corp.'s (NYSE: PHH) $50 million 3.40 percent medium-term note due July 15, 1994 and $100 million 3.25 percent medium term note due July 15, 1994 are rated `A+.' The ratings reflect the company's strong position in each of its three service businesses as well as its ability to effectively manage risk as demonstrated by exceptionally strong asset quality. While earnings growth has been limited by the prolonged global recession, PHH's balance sheet has strengthened as leverage has returned to more conservative levels and several marginal, nonstrategic businesses have been sold. The credit trend is stable.
 -0- 7/12/93
 /CONTACT: Valerie L. Gerard of Fitch, 212-908-0577/
 (PHH)


CO: PHH Corp. ST: IN: SU: RTG

MP -- NY071 -- 0522 07/12/93 15:03 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 12, 1993
Words:132
Previous Article:AT&T AND HARRIS SIGN INTERNATIONAL MARKETING AGREEMENT
Next Article:WAL-MART STORES, INC. REPORTS NET SALES FOR JUNE
Topics:


Related Articles
PHH CORP. $100 MILLION 4.4 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH'S $114.3 MILLION 4 7/8 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $50 MILLION SENIOR NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $100 MILLION MEDIUM-TERM NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $25 MILLION 3.32 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $50 MILLION 3.45 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $100 MILLION NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. 3.11 PERCENT FLOATING RATE MED-TERM NOTE 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $210 MILLION FLOATING-RATE MEDIUM-TERM NOTES 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $110 MILLION FLOATING RATE MEDIUM-TERM NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters