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GMAC $500M 8-1/2 PERCENT SENIOR NOTES RATED 'A+,' ON FITCHALERT NEGATIVE -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 8 /PRNewswire/ -- General Motors Acceptance Corp.'s $500 million 8-1/2 percent senior notes due Jan. 1, 2003, are "A+" and placed on FitchAlert with negative implications.
 GMAC's rating reflects its consistently strong earnings stream, good asset quality, and sound balance sheet. However, issues at the parent company General Motors Corp. will have a material impact on the company's fortunes over the long term. Therefore, GMAC's long-term rating is on FitchAlert to examine how much financial stress GM will continue to experience due to the protracted industry weakness and the company's failure to adopt to this environment. This analysis will have parallel implications for GMAC's long-term rating.
 -0- 1/8/93
 /CONTACT: Nancy E. Stroker of Fitch, 212-908-0533/
 (GM)


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

GK -- NY062 -- 3172 01/08/93 16:38 EST
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Publication:PR Newswire
Date:Jan 8, 1993
Words:142
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