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ST. PAUL EXPRESSES SURPRISE, DISAPPOINTMENT AT MOODY'S DECISION TO REVIEW RATINGS

 ST. PAUL, Minn., July 2 /PRNewswire/ -- The St. Paul Companies (NYSE: SPC) expressed surprise and disappointment at Moody's announcement today that it will review The St. Paul Companies' senior debt and financial strength ratings.
 "We are convinced that upon more intensive analysis, and after being given the opportunity to present our position and prospects, Moody's will reaffirm our existing Aa2 senior debt and Aaa financial strength ratings," said James Boudreau, St. Paul vice president and treasurer.
 -0- 7/2/93
 /CONTACT: Barbara Reynolds of The St. Paul Companies, 612-221-7399/
 (SPC)


CO: The St. Paul Companies ST: Minnesota IN: INS SU:

AL -- MN013 -- 8233 07/02/93 15:19 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
Words:109
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