SUNBEAM-OSTER RECEIVES 'A' RATING FROM DUFF & PHELPS
SUNBEAM-OSTER RECEIVES 'A' RATING FROM DUFF & PHELPS PROVIDENCE, R.I., Nov. 5 /PRNewswire/ -- Sunbeam-Oster Company, Inc.
(NYSE: SOC) today announced that it received a single 'A' by Duff & Phelps on its long-term debt.
Paul B. Kazarian, Sunbeam-Oster's chairman of the board, chief executive officer and president, said, "we are extremely pleased by the level of confidence in Sunbeam-Oster shown by Duff & Phelps. It is a tribute to the significant achievements of the almost 10,000 strong Sunbeam-Oster team members. "This rating again confirms Sunbeam-Oster's impressive financial and operating performance and is another positive sign of our commitment to building ever stronger partnerships with our retail customers, consumers and vendors," Kazarian concluded. Sunbeam-Oster announced its third quarter results two weeks ago which showed sales growth of 11 percent and earnings per share growth of more than 27 percent over last year's third quarter. Sunbeam-Oster has over $520 million of equity. The rating was assigned to the company's senior unsecured bank facilities. Sunbeam-Oster is a leading international consumer products company that develops, manufacturers, and markets a diversified portfolio of outdoor, household and specialty brand name products. The company's Sunbeam and Oster brands have been household names for generations, and the company is a market share leader in many of its product categories. -0- 11/5/92 /CONTACT: Robert H. Setrakian, vice president and treasurer of Sunbeam-Oster Company, Inc., 401-831-8188/ (SOC) CO: Sunbeam-Oster Company, Inc. ST: Rhode Island IN: HOU SU:
DD -- NE011 -- 3001 11/05/92 10:51 EST
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|Date:||Nov 5, 1992|
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