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CAPITAL HOLDING CORPORATION $400 MILLION SHELF REGISTRATION RATED 'AA-' BY DUFF & PHELPS

 CHICAGO, June 29 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a preliminary `AA-' (Double-A-Minus) senior debt rating to Capital Holding Corporation's (CPH) $400 million shelf registration of debt securities. The filing will replace an existing shelf which currently has about $100 million of remaining capacity. By the nature of the registration, CPH may offer a combination of debt securities consisting of debentures, notes and/or other unsecured indebtedness up to a limit of $400 million. The net proceeds from the sale of securities are expected to be used to refinance existing debt but could also be used to fund business growth or to provide funds in the event of an acquisition. The senior debt securities will be unsecured obligations and will rank equally and ratably with other unsecured and unsubordinated indebtedness of CPH. This shelf rating is the same as that assigned to CPH's outstanding senior debt.
 -0- 6/29/93
 /CONTACT: Martha M. Butler, CFA of Duff & Phelps Credit Rating Co., 312-368-3191/
 (CPH)


CO: Capital Holding Corporation ST: IN: INS SU: RTG

PS -- NY032 -- 6635 06/29/93 10:47 EDT
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Publication:PR Newswire
Date:Jun 29, 1993
Words:183
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