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WESTINGHOUSE REACTS TO RUMORS

 WESTINGHOUSE REACTS TO RUMORS
 PITTSBURGH, Oct. 16 /PRNewswire/ -- Westinghouse Electric


Corporation (NYSE: WX), in response to unfounded rumors regarding its financial condition, announced that its major rating agencies (Moody's, Standard & Poor's and Fitch), who meet with management and have access to the corporation's plans, have established investment grade ratings on Westinghouse Electric Corporation's and Westinghouse Credit Corporation's debt and commercial paper.
 The corporation also said that it is in full compliance with all covenants of its $6 billion revolving credit agreement and the participating banks continue their full support of Westinghouse.
 -0- 10/16/92
 /CONTACT: Jay A. McCaffrey of Westinghouse Electric, 412-642-3366/
 (WX) CO: Westinghouse Electric Corporation; Westinghouse Credit Corporation ST: Pennsylvania IN: CPR ARO TRN SU:


CD -- PG016 -- 0957 10/16/92 12:41 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:127
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