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AMERICAN GENERAL FINANCE CORPORATION SUBORDINATED RATING UPGRADED TO A2

 AMERICAN GENERAL FINANCE CORPORATION
 SUBORDINATED RATING UPGRADED TO A2
 EVANSVILLE, Ind., June 24 /PRNewswire/ -- American General Finance Corporation today announced that its senior subordinated debt has been upgraded to A2 from A3 by Moody's Investor's Service.
 In issuing this rating Moody's referred to the company's, "stable financial fundamentals, its business franchise in consumer lending, and its favorable earnings prospects." In commenting on Moody's action, Daniel Leitch III, President and CEO said, "These record earnings are not the result of a turnaround in the economy nor of a turnaround in any of our business segments - rather, they reflect the steady progress of long-term organization-wide efforts."
 American General Finance Corporation is a financial services holding company specializing in the extension of credit to individual consumers. Products and services are marketed to more than 1.5 million middle income Americans. The company, headquartered in Evansville, Ind., has assets of $6.6 billion and operates more than 1,100 branch offices in 40 states, Puerto Rico and the Virgin Islands. Services include consumer and home equity loans; indirect retail financing; and life, health and property insurance.
 -0- 6/24/92
 /CONTACT: Philip M. Hanley, Chief Financial Officer of American General Finance Corporation, 812-468-5420/
 (AGC) CO: American General Finance ST: Indiana IN: FIN SU:


LC -- CL020 -- 3514 06/24/92 18:16 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
Words:218
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