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RJR NABISCO $750 MILLION NOTES RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

 RJR NABISCO $750 MILLION NOTES RATED 'BBB' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Sept. 9 /PRNewswire/ -- RJR Nabisco, Inc.'s $750 million 7.625 percent medium-term notes due Sept. 15, 2003, are rated 'BBB' by Fitch. The notes are being issued under a $2 billion shelf registration. The credit trend is improving. The notes, combined with other recent issues, continue RJR's strategy to schedule maturities and lower its overall cost of funds.
 The rating reflects the substantial improvement in financial condition since the early 1989 leveraged buyout, the magnitude, stability, and predictability of RJR's cash flow, the company's demonstrated ability to access the public and private debt and equity markets even under adverse market conditions, and management's intention to continue to improve credit quality over the next several years.
 -0- 9/9/92
 /CONTACT: Thomas W. Hoens, CPA of Fitch, 212-908-0569/
 (RN) CO: RJR Nabisco, Inc. ST: Georgia IN: FOD SU: RTG


PS -- NY088 -- 7702 09/09/92 17:08 EDT
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Publication:PR Newswire
Date:Sep 9, 1992
Words:162
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