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SUNAMERICA INC. COMMERCIAL PAPER RATED DUFF 1

 CHICAGO, March 10 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has rated the commercial paper of SunAmerica Inc. (SunAmerica), formerly Broad Inc., Duff 1. The rating reflects SunAmerica's reasonable financial leverage, good fixed charge coverage, and improving asset quality.
 Duff & Phelps also rates SunAmerica's senior debt at A' (Single-A) and preferred stock at A-' (Single-A-Minus). In addition, Duff & Phelps rates the preferred stock of SunAmerica Corporation at A' (Single-A). SunAmerica Corporation is a wholly owned subsidiary of SunAmerica and an intermediate holding company to the SunAmerica operating companies. Later this year, the company is expected to merge these two entities.
 SunAmerica is authorized to issue a commercial paper amount not to exceed $150 million. The company has current bank lines of $150 million with none outstanding. Commercial paper borrowings may be used for general corporate purposes. Currently, SunAmerica has no commercial paper outstanding.
 SunAmerica is a publicly owned specialty financial services company with total consolidated assets of $13.6 billion and shareholders' equity of $722 million at Dec. 31, 1992. Through its operating subsidiaries, SunAmerica markets fixed annuities, variable annuities, mutual funds, trust services, and investment management services. The company's profit picture has improved significantly as a result of increased fee- based revenue, operating efficiencies, and emerging statutory returns.
 -0- 3/10/93
 /CONTACT: Julie A. Burke, CPA of Duff & Phelps Credit Rating Co., 312-368-3158/


CO: SunAmerica Inc. ST: New York IN: FIN SU: RTG

PS -- NY039 -- 4649 03/10/93 11:40 EST
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Publication:PR Newswire
Date:Mar 10, 1993
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