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PHH'S $114.3 MILLION 4 7/8 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 PHH'S $114.3 MILLION 4 7/8 PERCENT NOTES RATED 'A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, March 24 /PRNewswire/ -- PHH Corp.'s (NYSE: PHH) $114.3 million 4 7/8 percent notes due June 15, 1993, are rated 'A+' by Fitch. The rating reflects the company's favorable business position and ability to manage risk. PHH has experienced good and consistent profitability through various economic cycles while operating in highly cyclical business lines -- vehicle fleet management and home relocation services.
 -0- 3/24/92
 /CONTACT: Nancy E. Stroker, 212-908-0533, or Valerie Gerard, 212-908-0500, both of Fitch/
 (PHH) CO: PHH Corp. ST: Maryland IN: SU: RTG


TQ -- NY031 -- 1048 03/24/92 12:10 EST
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Publication:PR Newswire
Date:Mar 24, 1992
Words:115
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