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FREMONT GENERAL CORP.'S BOND RATING UPGRADED BY STANDARD & POOR'S

FREMONT GENERAL CORP.'S BOND RATING UPGRADED BY STANDARD & POOR'S
 SANTA MONICA, Calif., Oct. 30 /PRNewswire/ -- James A. McIntyre, chairman and chief executive officer of Fremont General Corp. (NASDAQ: FRMT), announced today that Standard & Poor's has upgraded the company's subordinated debt rating to BB- from B+. Standard & Poor's cited Fremont's improved operating performance and reduced leverage as the key factors contributing to the rating upgrade.
 Fremont General Corp. is a holding company, engaged through subsidiaries in select insurance and financial service businesses.
 -0- 10/30/92
 /CONTACT: W.R. Bailey of Fremont General, 310-315-5500/
 (FRMT) CO: Fremont General Corp. ST: California IN: INS FIN SU: RTG


JB-BP -- LA002 -- 6977 10/30/92 09:01 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:115
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