Printer Friendly

CHRYSLER FINANCIAL $250 MILLION 5.625% SENIOR NOTES RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 11 /PRNewswire/ -- Chrysler Financial Corp.'s (CFC) $250 million 5.625% senior notes due Jan. 15, 1999 are rated 'BBB' by Fitch. The credit trend is stable.
 The rating reflects CFC's improved financial flexibility and funding access as fortunes at parent Chrysler Corp. have improved. Due to bank restrictions, leverage has fallen to under 3.0 times. Also, despite having sold most of its non-automotive assets over the past year, CFC's earnings have been respectable. For the first nine months of 1993, CFC had an ROA of 0.99% before accounting changes.
 -0- 1/11/94
 /CONTACT: Nancy E. Stroker, CFA, 212-908-0533, or Valerie L. Gerard, 212-908-0577, both of Fitch/
 (C)


CO: Chrysler Financial Corporation ST: Michigan IN: AUT FIN SU: RTG

JG -- NY025 -- 0904 01/11/94 10:17 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 11, 1994
Words:134
Previous Article:U.S. PHARMACEUTICALS REORGANIZES MARKETING AND SALES OPERATIONS; PFIZER MOVES TOWARD DISEASE MANAGEMENT APPROACH
Next Article:LOS ANGELENOS, MAN YOUR BATTLE STATIONS, YOU'RE ON 'FLU ALERT'
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters