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DELPHI FINANCIAL GROUP, INC. ANNOUNCES UPGRADED DEBT RATINGS

 WILMINGTON, Del., March 19 /PRNewswire/ -- Delphi Financial Group, Inc. (NASDAQ: DLFI) today announced all classes of the Company's long term debt have been upgraded by Standard & Poor's Corporation.
 Robert Rosenkranz, Chairman and Chief Executive Officer, said, "We are pleased with the recognition these upgrades provide the Company given the environment over this last year in which the number of downgrades for life insurance companies far exceeded the number of upgrades."
 Delphi Financial Group, Inc. is an insurance holding company that underwrites, through its subsidiaries, a portfolio of life, long-term disability and personal accident insurance, targeted principally to the employee benefits market, and asset accumulation products throughout the fifty states and the District of Columbia.
 /delval/
 -0- 3/19/93
 /CONTACT: Patrick J. Mitchell, director-investor relations of Delphi Financial, 215-787-3950/
 (DLFI)


CO: Delphi Financial Group, Inc. ST: Delaware IN: INS SU:

CC -- PH044 -- 8062 03/19/93 17:15 EST
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Publication:PR Newswire
Date:Mar 19, 1993
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