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FITCH TO CONDUCT CONFERENCE CALL ON GEORGIA PACIFIC -- FITCH FINANCIAL WIRE --

 FITCH TO CONDUCT CONFERENCE CALL ON GEORGIA PACIFIC
 -- FITCH FINANCIAL WIRE --
 NEW YORK, July 1 /PRNewswire/ -- Fitch will conduct an investors conference call on Georgia Pacific Corp.'s $500 million shelf registration of senior debt securities today at 2 p.m. (EST).
 Raymond T. Carty, vice president at Fitch, will present the discussion. The securities are rated 'BBB' by Fitch. While current cash flow and earnings are low, the rating anticipates improvement in these areas, reflecting emergence from the downswing of the industry cycle and slow, modest improvement in the US economy. Debt-to-capital exceeds 65 percent on a book basis, despite a $1.3 billion debt reduction in 1991. However, the market value of the company's assets, including timberlands, is significantly higher than the carrying value, mitigating the relatively high debt level for the rating category.
 -0- 7/1/91
 /NOTE TO EDITORS: If interested in hearing this discussion, please call Fitch Market Services at 1-800-75-FITCH or 212-908-0500 to obtain the toll-free conference call number and password./
 /CONTACT: Fitch Market Services, 800-75-FITCH or 212-908-0500/
 (GP) CO: Georgia Pacific Corp. ST: Georgia IN: PAP SU:


SM -- NY075 -- 5700 07/01/92 12:23 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
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