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RJR NABISCO $2 BILLION SENIOR SHELF DEBT RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 RJR NABISCO $2 BILLION SENIOR SHELF DEBT RATED 'BBB' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, June 29 /PRNewswire/ -- RJR Nabisco, Inc.'s $2.0 billion senior debt shelf registration is rated 'BBB' by Fitch. RJR's debt was removed from FitchAlert last week after the Supreme Court's decision in a major tobacco industry case.
 The ratings reflect Fitch's expectations of continuing improvement in RJR's operating and financial performance over the next several years. Key rating considerations include the company's favorable industry positions and strong and stable free cash flow generating ability, and management's commitment to further reduce debt leverage.
 -0- 6/29/92
 /CONTACT: Thomas W. Hoens of Fitch, 212-908-0569/
 (RN) CO: RJR Nabisco, Inc. ST: IN: TOB SU: RTG


SM -- NY073 -- 4872 06/29/92 16:22 EDT
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Publication:PR Newswire
Date:Jun 29, 1992
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