ITT FINANCIAL $200 MILLION 7.00 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
ITT FINANCIAL $200 MILLION 7.00 PERCENT NOTES RATED 'A+' BY FITCH
-- FITCH FINANCIAL WIRE --
NEW YORK, Jan. 9 /PRNewswire/ -- ITT Financial Corp.'s $200 million 7.00 percent senior notes due Jan. 15, 1997 are rated 'A+' by Fitch. The rating reflects ITT Financial's strong balance sheet and parent support from ITT Corp. (NYSE: ITT). Though delinquencies have finally started to trend downward, profitability continues to be negatively impacted by high provision levels.
/CONTACT: Nancy E. Stroker of Fitch, 212-908-0533/
(ITT) CO: ITT Financial Corp. ST: New York IN: FIN SU: RTG SB -- NY068 -- 8335 01/09/92 15:18 EST