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DUFF & PHELPS: ASSET-BACKED RATINGS REAFFIRMED

 CHICAGO, March 4 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has reaffirmed over $800 million of outstanding asset-backed securities initially issued by Chrysler First, Inc. The following nine public rating reaffirmations come as a result of the transfer of servicing to NationsBanc Financial Services Corporation, a subsidiary of NationsBank Corporation. The reaffirmed ratings are as follows:
 Issue Rating Collateral
 CFC Home Equity Loan Trust 1989-1 AAA Home Equity Loans
 US Home Equity Loan Trust 1990-2 AAA Home Equity Loans
 US Home Equity Loan Trust 1991-1 AAA Home Equity Loans
 US Home Equity Loan Trust 1991-2
 Class A AAA Home Equity Loans
 Class B AA Home Equity Loans
 CFC 4 B Grantor Trust AAA Boat Loans
 CFC 7 Grantor Trust AAA R.V. Loans
 CFC 11 A Grantor Trust AAA Boat Loans
 CFC 11 B Grantor Trust AAA R.V. Loans
 The reaffirmations for each individual trust are based on an analysis of the underlying receivables, the performance of each issue to date, Chrysler First's underwriting procedures, NationsBanc Financial Services Corporation assumption of servicing, the legal structure of each issue, and each trust's outstanding credit enhancement. These ratings are continuously monitored by Duff & Phelps Credit Rating Co. For current performance statistics for these issues, call Paula B. Henton at 312-368-3147.
 -0- 3/4/93
 /CONTACT: Laura M. Ladewski, 312-368-3186, or Paula B. Henton, 312-368-3147, both of Duff & Phelps/


CO: Chrysler First, Inc. ST: IN: FIN SU: RTG

GK -- NY043 -- 2912 03/04/93 10:59 EST
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Publication:PR Newswire
Date:Mar 4, 1993
Words:244
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