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DUFF & PHELPS RATES $250 MILLION CHRYSLER FINANCIAL NOTES

 CHICAGO, Nov. 17 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a rating of 'BBB-' (Triple-B-Minus) to Chrysler Financial Corporation's $250 million issue of 3.8125 percent notes due Nov. 15, 1996. This issue of non-callable floating rate notes will pay quarterly 0.375 above the three month London Interbank Offered Rate. The rating is the same as that assigned to Chrysler Financial's outstanding senior debt.
 Chrysler Financial's ratings remain closely tied to Chrysler's as most of its receivables are Chrysler-related. Chrysler Corporation (NYSE: C) should benefit over the next few years from a strengthening balance sheet and improving cash flow. A substantial portion of the $2 billion in proceeds from Chrysler's recent common equity offering will be contributed to its underfunded pension plans. Chrysler Financial has also made strides in improving its financial flexibility by extending its bank revolver, re-entering the term debt market, and completing substantial non-auto asset sales.
 -0- 11/17/93
 /CONTACT: Philip M. Zahn, CFA of Duff & Phelps Credit Rating Co., 312-368-3154/
 (C)


CO: Chrysler Financial Corporation ST: Illinois, Michigan IN: AUT FIN SU: RTG

TM -- NY108 -- 5733 11/17/93 17:30 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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