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DUFF & PHELPS: RECEIVABLES CAPITAL CORPORATION'S ASSET-BACKED COMMERCIAL PAPER PROGRAM DOWNGRADED

 CHICAGO, July 21 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has downgraded the asset-backed commercial paper program of Receivables Capital Corporation (RCC) from Duff 1+ (One Plus) to Duff 1 (One). This action is the result of a change in the financial condition of Credit Lyonnais, the liquidity provider for this program.
 The assets in the RCC program continue to perform well, and, as of June 30, the program had $1,799,079,223 in outstanding commercial paper. For performance statistics or further information, contact Michael Yurkiv at 312-368-3179, or Andrew Leszczynski at 312-368-3177.
 -0- 7/21/93
 /CONTACT: Michael Yurkiv of Duff & Phelps Credit Rating Co., 312-368-3179/


CO: Receivables Capital Corporation ST: IN: FIN SU: RTG

CK -- NY117 -- 4213 07/21/93 18:18 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:125
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