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PHH $25 MILLION FOUR PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 PHH $25 MILLION FOUR PERCENT NOTES RATED 'A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, May 12 /PRNewswire/ -- PHH Corp.'s $25 million 4 percent medium term notes due June 14, 1993, are rated 'A+' by Fitch. The ratings reflect 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- 5/12/92
 /CONTACT: Nancy E. Stroker, 212-908-0533 or Valerie Gerard, 212-908-0500, both of Fitch/
 (PHH) CO: PHH Corp. ST: New York IN: SU: RTG


SM -- NY090 -- 9260 05/12/92 15:33 EDT
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Publication:PR Newswire
Date:May 12, 1992
Words:110
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