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HOUSEHOLD FINANCIAL CORP. LTD. SENIOR DEBT SHELF RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, May 18 /PRNewswire/ -- Household Financial Corp. Ltd.'s (HFCL) $300 million shelf registration for senior debt securities is rated `A' by Fitch. The rating is based on the unconditional guarantee of HFCL's ultimate parent, Household International, Inc. (HI), and the importance of the Canadian operations, conducted through HFCL, to the overall organization. The credit trend is stable.
 HFCL, with over C$3 billion of assets, is directly owned by Household Global Funding, Inc., an HI subsidiary. With weakness in the Canadian economy, HFCL experienced losses of about C$25 million in each of the last two years. However, through capital contributions, the balance sheet has maintained adequate capital levels, with equity/assets of 8.1 percent at Dec. 31, 1992.
 However, the greater strength is the HI guarantee. A diversified financial services company, HI has over $30 billion of assets and $1.6 billion of common equity. Despite the weakness of its non-U.S. operations, HI's core profitability is building, and its balance sheet has been strengthened through common stock offerings and retained earnings. At March 31, 1993, HI had a consolidated debt/equity ratio of 10.5 times (x), down from 12.4x the year before.
 -0- 5/18/93
 /CONTACT: Nancy E. Stroker of Fitch, 212-908-0533/
 (HI)


CO: Household Financial Corp. Ltd. ST: Illinois IN: FIN SU: RTG

CK -- NY089 -- 9832 05/18/93 13:53 EDT
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Publication:PR Newswire
Date:May 18, 1993
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