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PHH CORP. $25 MILLION 5 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 PHH CORP. $25 MILLION 5 PERCENT NOTES RATED 'A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, April 16 /PRNewswire/ -- PHH Corp.'s $25 million 5 percent notes due April 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- 4/16/92
 /CONTACT: Nancy E. Stroker, 212-908-0533, or Valerie Gerard, 212-908-0500, both of Fitch/
 (PHH) CO: PHH Corp. ST: IN: FIN SU: RTG


SH -- NY047 -- 9228 04/16/92 11:17 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:108
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