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BETHLEHEM STEEL COMMENTS ON S&P ACTION

 BETHLEHEM STEEL COMMENTS ON S&P ACTION
 BETHLEHEM, Pa., June 1 /PRNewswire/ -- In response to requests for


comments on the announcement today that Standard & Poor's Corp. had reduced its ratings by one level on Bethlehem Steel's (NYSE: BS) senior debt and its preferred stock, Gary L. Millenbruch, senior vice president and chief financial officer, said: "We at Bethlehem are disappointed by S&P's action, especially at this time when there appears to be signs of an improvement in the overall economy and in steel markets generally."
 /delval/
 -0- 6/1/92
 /CONTACT: Bethlehem Steel Public Affairs Department, 215-694-3711/
 (BS) CO: Bethlehem Steel Corporation; Standard & Poor's Corp. ST: Pennsylvania IN: MNG SU:


JS-CC -- PH032 -- 5922 06/01/92 17:14 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
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