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WESTINGHOUSE CREDIT REPORTS LOSS FOR QUARTER AND YEAR

 WESTINGHOUSE CREDIT REPORTS LOSS FOR QUARTER AND YEAR
 PITTSBURGH, Jan. 17 /PRNewswire/ -- Westinghouse Credit


Corporation had a net loss of $5.1 million for the quarter ended Dec. 31, 1991.
 The company had a net loss of $1.09 billion for the year as a result of a $1.68 billion pre-tax valuation charge against income in the third quarter. In 1990 Westinghouse Credit had a loss of $584.1 million for the fourth quarter and $474.1 million for the year as a result of a pre-tax charge of $925 million in the fourth quarter.
 Leo W. Yochum, chairman of Westinghouse Credit and its parent Westinghouse Financial Services, said Westinghouse Credit is carrying out management's strategy of liquidating assets and reducing debt. In the fourth quarter of 1991 the company disposed of about $700 million of corporate financing, leasing and real estate assets. The proceeds were used to reduce debt.
 Westinghouse Credit and Westinghouse Financial Services are owned by Westinghouse Electric Corporation (NYSE: WX).
 WESTINGHOUSE CREDIT CORPORATION
 Selected Financial Data, unaudited
 (in thousands)
 For the quarter ended Dec. 31 1991 1990
 Revenues $ 211,023 $ 314,827
 Net Loss $ (5,074) $ (584,061)
 For the year ended Dec. 31
 Revenues $ 968,695 $ 1,198,855
 Net Loss $ (1,086,324) $ (474,122)
 Selected Financial Data, unaudited
 At Dec. 31, 1991
 (in millions)
 Receivables
 Receivables $ 5,140
 Allowance for Credit Losses (345)
 Net Receivables $ 4,795
 Assets Held for Sale
 or Restructuring
 Assets Held for Sale
 or Restructuring $ 3,787
 Valuation Allowance (1,616)
 Net Assets Held for
 Sale or Restructuring $ 2,171
 Nonearning Receivables and
 Marketable Securities $ 1,521
 (in billions)
 Total Assets $8.6
 Shareholders' Equity $1.1
 -0- 1/17/92
 /CONTACT: Stewart Smith of Westinghouse Credit, 412-393-3494/
 (WX) CO: Westinghouse Credit Corporation; Westinghouse Financial Services;
 Westinghouse Electric Corporation ST: Pennsylvania IN: FIN SU: ERN


DM -- PG004 -- 0878 01/17/92 09:29 EST
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Date:Jan 17, 1992
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