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KEMPER RESPONDS TO MOODY'S RATING

 KEMPER RESPONDS TO MOODY'S RATING
 LONG GROVE, Ill., July 29 /PRNewswire/ -- Kemper Corp. (NYSE: KEM)


issued the following statement in response to Moody's ratings action today:
 "We are confounded by Moody's action to lower its rating of Kemper Corp.'s senior debt and the insurance financial strength ratings of certain of our insurance subsidiaries.
 We believe Moody's ratings reflect an over-emphasis on real estate related investments and do not adequately consider Kemper's diversified earnings base, the superior earnings power of our asset management and other fee-income businesses and our conservative capital structure. Furthermore, we believe Moody's has not considered the many actions taken by Kemper to reduce investment risk and improve the financial strength and competitive positions of our life insurance companies, since Moody's last rated Kemper Corp. and its subsidiaries in July of 1991."
 Kemper Corp. is a nonoperating holding company with subsidiaries in asset management, securities brokerage, life insurance, reinsurance, property-casualty insurance and risk management services.
 -0- 7/29/92
 /CONTACT: Janice Kalmar, 708-540-4465 or 708-696-4559 (home), or Ira Nathanson, 312-499-8831, both of Kemper/
 (KEM) CO: Kemper Corp. ST: Illinois IN: INS SU: RTG


TM -- NY122 -- 4860 07/29/92 20:10 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
Words:195
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