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CHRYSLER FINANCIAL CORP. $2 BILLION SHELF RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Oct. 8 /PRNewswire/ -- Chrysler Financial Corp.'s $2 billion shelf registration is rated 'BBB' for senior debt and 'BBB' for medium-term notes. The credit trend is stable.
 The ratings reflect CFC's improved financial flexibility and funding access as fortunes at parent Chrysler Corp. have improved. Due to bank restrictions, CFC has been unable to pay a dividend and through retained earnings, its leverage has fallen to under three times. Also, despite having sold most of its non-automotive assets over the past year, CFC's earnings have been respectable. For the first six months of 1993, CFC had an ROA of 0.98 percent before accounting changes.
 -0- 10/8/93
 /CONTACT: Nancy E. Stroker, CFA, 212-908-0533 or Valerie L. Gerard, 212-908-0577, both of Fitch/
 (C)


CO: Chrysler Financial Corp. ST: Michigan IN: FIN AUT SU: RTG

MP -- NY011 -- 0066 10/08/93 10:03 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
Words:146
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