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GMAC $500 MILLION 7 PERCENT NOTES RATED 'A-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Feb. 24 /PRNewswire/ -- General Motors Acceptance Corp.'s (GMAC) 7 percent notes due March 1, 2000 are rated A-' by Fitch. GMAC's credit trend is stable.
 GMAC's senior debt was downgraded in January, reflecting cyclical and structural difficulties at parent General Motors Corp. and their impact on GMAC's operations and profitability. GMAC recently announced that it will pare some of its financing of non-GM products, an action which will impact financial performance. Without that business, GMAC will remain solidly profitable, but at lower levels.
 As a stand-alone company, GMAC continues to perform well. With almost $100 billion of assets, it is one of the nation's largest and most consistently profitable financial institutions.
 -0- 2/24/93
 /CONTACT: Nancy E. Stroker of Fitch, 212-908-0533/
 (GM)


CO: General Motors Acceptance Corp. ST: Michigan IN: AUT SU: RTG

SM -- NY013 -- 9779 02/24/93 09:32 EST
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Publication:PR Newswire
Date:Feb 24, 1993
Words:146
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