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CHRYSLER FINANCIAL CORP. $250 MILLION FLOATING RATE NOTES RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 17 /PRNewswire/ -- Chrysler Financial Corp.'s $250 million floating rate notes due Nov. 25, 1996 are rated 'BBB' by Fitch. The credit trend is stable.
 The ratings reflect CFC's improved financial flexibility and funding access as fortunes at parent Chrysler Corp. (NYSE: C) 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- 11/17/93
 /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: AUT FIN SU: RTG

JG -- NY040 -- 5392 11/17/93 10:42 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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