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DEAN WITTER, DISCOVER $3 BILLION SHELF DEBT RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 13 /PRNewswire/ -- Dean Witter, Discover & Co.'s $3 billion senior debt shelf registration is rated `A+' by Fitch.
 The rating reflects the company's strong position within the credit card, asset management, and brokerage businesses, as well as its sound balance sheet and consistent earnings. Though all of its markets are competitive, Dean Witter and Discover, through creative and focused business strategies, have been successful in profitably building market share. These businesses represent the foundation of the company and virtually all of its earnings, with other affiliates involved in transaction processing and private label credit cards, home equity and other consumer lending, and the start-up Visa card operation, Prime Option.
 Dean Witter Discover recently sold 20 percent of its stock to the public. The remaining stock will continue to be owned by Sears Roebuck & Co. until a full divestiture planned for later this year. The credit trend is stable.
 -0- 4/13/93
 /CONTACT: Nancy E. Stroker, CFA of Fitch, 212-908-0533/


CO: Dean Witter, Discover & Co. ST: IN: FIN SU: RTG

WB -- NY074 -- 5326 04/13/93 15:31 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
Words:182
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