PHH CORP. $100 MILLION 4.4 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
PHH CORP. $100 MILLION 4.4 PERCENT NOTES RATED 'A+' BY FITCH
-- FITCH FINANCIAL WIRE --
NEW YORK, Jan. 17 /PRNewswire/ -- PHH Corp.'s $100 million 4.4 percent notes due Jan. 22, 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.
/CONTACT: Nancy E. Stroker, 212-908-0533, or Valerie Gerard, 212-908-0500, both of Fitch/ CO: PHH Corp. ST: IN: FIN SU: RTG SH -- NY059 -- 1104 01/17/92 16:03 EST