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CHRYSLER FINANCIAL CORP. $300 MILLION NOTES DUE 2000 RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Aug. 11 /PRNewswire/ -- Chrysler Financial Corp.'s $300 million 6.625 percent notes due Aug. 18, 2000 are rated 'BBB' by Fitch. The credit trend is stable. These notes are secured by the assets of Chrysler Financial Corp. (CFC).
 The rating reflects 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- 8/11/93
 /CONTACT: Nancy E. Stroker, CFA of Fitch, 212-908-0533/
 (C)


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

WB -- NY081 -- 1806 08/11/93 15:49 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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