Printer Friendly

FREMONT GENERAL'S CORP.'S BOND RATING UPGRADED BY MOODY'S INVESTORS SERVICE

 SANTA MONICA, Calif., Sept. 27 /PRNewswire/ -- Fremont General Corp. (NYSE: FMT) announced today that Moody's Investors Service has raised the rating on the company's outstanding $57.5 million subordinated debt issue to Ba3 from B2. Further, Moody's has assigned a Ba2 rating to the company's planned subordinated debt issue of Liquid Yield Option Notes (Lyons) due 2013.
 Fremont General Corp. is a holding company, engaged through subsidiaries in select insurance and financial service businesses.
 -0- 9/27/93
 /CONTACT: W.R. Bailey, 310-315-5500/
 (FMT)


CO: Fremont General Corp. ST: California IN: FIN SU:

LM-MF -- LA004 -- 5822 09/27/93 09:25 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 27, 1993
Words:102
Previous Article:GRACE NAMES HAMILTON CORPORATE SENIOR VICE PRESIDENT; TO HEAD HUMAN RESOURCES
Next Article:ST. PAUL COMPANIES, RUSSIAN STATE INSURANCE COMPANY ROSGOSSTRAKH TO COOPERATE IN INSURANCE ACTIVITIES
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters