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DUFF & PHELPS CREDIT RATING CO. ANNOUNCES ITS ENTRY INTO THE MUNICIPAL BUSINESS

 NEW YORK, Jan. 10 /PRNewswire/ -- Duff & Phelps Credit Rating Co. announced that it would build on its success and growth in the research and credit ratings businesses by expanding its services into the municipal bond marketplace.
 In order to meet investors demands for ratings and research on municipal bonds, Duff & Phelps said that it will be expanding its analytical, marketing and credit rating resources in New York and Chicago to cover the municipal market. One of the first goals of this expansion will be to bring valuable research on the municipal marketplace to regional issuers, brokers and investors.
 "We plan to provide an expanded version of our research, new financing reports, and credit ratings for the municipal marketplace," said Donald Paston, group vice president. "At a time when disclosure and liquidity are important factors in the municipal arena, there is a need not only for credit ratings but for insightful information that we can provide to the marketplace about new and secondary issues."
 Duff & Phelps, which began offering public credit rating services in 1980, is an internationally recognized credit rating agency. The firm rates fixed income securities, including long- and short-term debt, insurance claims paying ability, and structured financings. Duff & Phelps is designated by the Securities and Exchange Commission as a nationally recognized statistical rating organization, and is recognized by the National Association of Insurance Commissioners.
 Municipal ratings provided by Duff & Phelps are based on projected financial performance and an in-depth review by municipal analysts. The credit rating agency has U.S. offices in both Chicago and New York, as well as joint venture partners in Mexico, Chile, Argentina and Colombia. Duff & Phelps is also recognized as a rating agency in Japan.
 -0- 1/10/94
 /CONTACT: Donald Paston of Duff & Phelps Credit Rating Co., 212-908-0211/


CO: Duff & Phelps Credit Rating Co. ST: New York IN: FIN SU: PDT

TW -- NY072 -- 0614 01/10/94 13:10 EST
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Publication:PR Newswire
Date:Jan 10, 1994
Words:318
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