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DUFF & PHELPS RATES THREE RIVERS FUNDING CORPORATION ASSET-BACKED COMMERCIAL PAPER PROGRAM

 CHICAGO, Oct. 11 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a 'Duff 1' (Duff One) rating to the restructured Three Rivers Funding Corporation asset-backed commercial paper program. The program's previous rating was Duff 1+ (One Plus).
 This rating action was taken to reflect D&P's current outstanding short-term rating of Duff 1 (One) on the liquidity provider of this program, Mellon Bank, N.A. Additional credit enhancement is available in the form of a 15 percent CapMAC surety bond and seller reserves. Approximately $100 million in outstanding commercial paper is affected.
 -0- 10/11/93
 /CONTACT: Michael R. Yurkiv of Duff & Phelps Credit Rating Co., 312-368-3179/


CO: Three Rivers Funding Corporation ST: Illinois IN: FIN SU: RTG

TM -- NY054 -- 0821 10/11/93 17:36 EDT
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Publication:PR Newswire
Date:Oct 11, 1993
Words:127
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