ITT FINANCIAL $200 MILLION 8.125 PERCENT NOTES RATED
ITT FINANCIAL $200 MILLION 8.125 PERCENT NOTES RATED A+' BY FITCH
-- FITCH FINANCIAL WIRE --
NEW YORK, Nov. 6 /PRNewswire/ -- ITT Financial Corp.'s $200 million 8.125 percent notes due 1998 are rated A+' by Fitch. The rating reflects ITT Financial's strong balance sheet and parent support from ITT Corp. Consumer asset quality problems are being addressed through aggressive charge-offs and tighter controls, which are hurting earnings trends. Fitch expects profitability to be healthier in 1992.
/CONTACT: Nancy E. Stroker of Fitch, 212-908-0533/
(ITT) CO: ITT Financial Corp. ST: New York IN: FIN SU: RTG CK -- NY059 -- 1764 11/06/91 13:29 EST