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LIBERTE INVESTORS $100 MILLION 10.5 PERCENT SUBORDINATED NOTES LOWERED TO 'D' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, June 4 /PRNewswire/ -- Liberte Investors SBI, formerly Lomas & Nettleton Mortgage Investors, $100 million 10.5 percent subordinated notes due June 1, 1993 are downgraded to `D' from `C' by Fitch. The downgrade reflects the company's missed principal and interest payments due on June 1, 1993 on the $100 million of notes outstanding.
 -0- 6/4/93
 /CONTACT: Teri L. Seelig of Fitch, 212-908-0638/
 (LBI)


CO: Liberte Investors SBI ST: IN: FIN SU: RTG

WB -- NY048 -- 5528 06/04/93 15:03 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
Words:84
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