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ALLIED FINANCE CO. 'F-1+ COMMERCIAL PAPER AFFIRMED BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 13 /PRNewswire/ -- Allied Finance Co.'s commercial paper is affirmed at "F-1+" by Fitch. Commercial paper outstanding is $86 million.
 The rating reflects the financial strength of its new parent company, the Associates Corp. of North America, rated "AA/F-1+" by Fitch. Allied was acquired by Associates on April 9. Prior to the acquisition, Allied's rating reflected the support agreement from its former parent, Winterthur Swiss Insurance Co., a well capitalized, conservatively run, and highly profitable international insurance company. Going forward, Allied will cease issuing new commercial paper as its funding will be absorbed into the parent.
 -0- 4/13/93
 /CONTACT: Valerie L. Gerard of Fitch, 212-908-0577/


CO: Allied Finance Co. ST: IN: FIN SU: RTG

GK -- NY061 -- 5280 04/13/93 14:10 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
Words:129
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