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TRANSAMERICA FINANCE 'A+' SENIOR DEBT AFFIRMED BY FITCH AFTER ANNOUNCEMENT -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 19 /PRNewswire/ -- Transamerica Finance Corp.'s "A+" senior debt, "A" subordinated debt, and "F-1" commercial paper ratings are affirmed by Fitch. The action follows the company's announcement today that it plans to purchase approximately $1 billion of transportation equipment from Tiphook PLC. The credit trend is stable.
 The equipment being purchased by Transamerica Finance is consistent with the existing lease fleet of primarily intermodal transportation equipment with good utilization rates and predictable values. The combined market share will improve significantly and offer opportunities for expense savings. Following full due diligence, the assets will be purchased by Transamerica Corp. and contributed without goodwill to the finance company. Leverage ratios will improve slightly, and the acquisition will provide an immediate source of earnings.
 -0- 11/19/93
 /CONTACT: Nancy E. Stroker, CFA, of Fitch, 212-908-0533/


CO: Transamerica Finance Corp. ST: IN: TRN SU: RTG

MP -- NY020 -- 6437 11/19/93 10:16 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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