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ITT Financial $200 Million 5 1/4 Percent Notes Rated 'A+' By Fitch -- FITCH FINANCIAL WIRE --

 NEW YORK, Feb. 12 /PRNewswire/ -- ITT Financial Corp.'s (NYSE: ITT) new $200 million 5 1/4 percent notes due Feb. 15, 1996 are rated A+' by Fitch. ITT Financial's ratings were affirmed on January 19, and its credit trend changed to improving from stable, following the announcement of a $612 million after-tax restructuring charge.
 The ratings reflect stronger reserves that will result from the restructuring, an accompanying capital infusion from ITT Corp., and the improved operating potential from a refocused business strategy and management team. The improving trend reflects the likelihood of better earnings as poorly performing units are downsized and investments are made in markets with better potential.
 -0- 2/12/93
 /CONTACT: Nancy E. Stroker, CFA of Fitch, 212-908-0533/
 (ITT)


CO: ITT Financial Corp. ST: New York IN: FIN SU: RTG

TM -- NY036 -- 6207 02/12/93 14:22 EST
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Publication:PR Newswire
Date:Feb 12, 1993
Words:143
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