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DUFF & PHELPS: STUART'S FUNDING CORPORATION ASSET-BACKED COMMERCIAL PAPER PROGRAM DOWNGRADED

 CHICAGO, April 21 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has downgraded the Stuart's Funding Corporation asset-backed commercial paper program from Duff 1+ (One Plus) to Duff 1 (One), due to the downgrade of one of the liquidity providers.
 Credit enhancement for program losses is still provided by a surety bond from `AAA'-rated Capital Markets Assurance Corporation (CapMac), and the overall performance of the Stuart's program continues to be in line with Duff & Phelps' original expectations.
 -0- 4/21/93
 /CONTACT: Paula Henton of Duff & Phelps Credit Rating Co., 312-368-3147/


CO: Stuart's Funding Corporation ST: IN: FIN SU: RTG

WB -- NY047 -- 8658 04/21/93 11:05 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
Words:107
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