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TRANSAMERICA FINANCE SUBORDINATED NOTES 'A', UNIT COMMERCIAL PAPER 'F-1' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 5 /PRNewswire/ -- Transamerica Finance Corp.'s $100 million 6-3/4 percent subordinated notes due Jan. 15, 1998, are rated 'A' by Fitch. BWAC Credit Corp.'s $65 million commercial paper program is rated 'F-1' based on the unlimited guarantee of Transamerica Finance, its parent company. Transamerica Finance's senior debt is rated 'A+' and its short-term debt 'F-1'.
 Transamerica Finance, a subsidiary of Transamerica Corp., is the fifth largest independent finance company in the U.S. with $8.5 billion of assets. Its portfolio is diversified between consumer and commercial finance and leasing, with a moderate concentration in California home equity lending.
 The company's asset quality has held up well, and problems in some commercial lines have been addressed through aggressive reserving actions. Earnings through 1992 were good, and the balance sheet remains strong with a debt/tangible equity ratio of 6.2 times at September 30.
 -0- 1/5/93
 /CONTACT: Nancy E. Stroker, CFA of Fitch, 212-908-0533/
 (TA)


CO: Transamerica Finance Corp. ST: California IN: FIN SU: RTG

LD -- NY082 -- 1909 01/05/93 16:51 EST
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Publication:PR Newswire
Date:Jan 5, 1993
Words:181
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