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DUFF & PHELPS CREDIT RATING COMPANY APPOINTS JOE FRANZETTI SENIOR VICE PRESIDENT -- COMMERCIAL REAL ESTATE GROUP

 CHICAGO, Aug. 9 /PRNewswire/ -- Duff & Phelps Credit Rating Company today announced the appointment of Mr. Joseph Franzetti, 37, as senior vice president -- commercial real estate group. He will oversee day-to- day operations including analytical activities, ratings criteria and marketing.
 Mr. Franzetti previously served as director -- mortgage and real estate finance group, Standard & Poor's Corporation. He was responsible for overseeing the ratings on all commercial and residential mortgage- backed securities, the unsecured ratings of real estate investment trusts (REITs) and evaluations of mortgage underwriters and servicers.
 "Joe Franzetti is a highly respected leader in the field of real estate securities credit ratings," said Ernie Elsner, executive vice president -- Duff & Phelps Credit Rating Company. "We are very pleased that he has joined Duff & Phelps and are confident that under his leadership the Commercial Real Estate Group will continue to grow and provide innovative services," said Mr. Elsner.
 Commenting on his appointment, Mr. Franzetti stated, "Duff & Phelps has a superb track record in evaluating real estate securities. It is the premier provider of real estate ratings for a variety of structures and property types and its rating has been requested on nearly every real estate security issued since 1987. I look forward to working with the many professionals at Duff & Phelps who have helped the company earn its reputation for excellence and leadership in evaluating real estate securities."
 Mr. Franzetti also worked at Arthur Andersen and is a certified public accountant. He holds an MBA from New York University and an undergraduate degree from Villanova University.
 Duff & Phelps Credit Rating Company is part of Duff & Phelps Corporation (NYSE: DUF), which provides investment management, credit rating, investment research and financial consulting services to institutions, corporations and individuals.
 -0- 8/9/93
 /CONTACT: Ernie Elsner of Duff & Phelps Credit Rating Company, 312-368-3175, or Paul F. Steidler of Morgen-Walke Associates, 212-850-5643/
 (DUF)


CO: Duff & Phelps Corporation ST: Illinois IN: SU: PER

SH-MG -- NY063 -- 0807 08/09/93 14:13 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
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