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TRANSAMERICA FINANCE CREDIT TREND UPGRADED TO STABLE BY FITCH -- FITCH FINANCIAL WIRE --

 TRANSAMERICA FINANCE CREDIT TREND UPGRADED TO STABLE BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, May 4 /PRNewswire/ -- Transamerica Finance Corp.'s credit trend is changed to "stable" from "declining" by Fitch. All of the company's outstanding ratings are affirmed: senior debt at "A+," subordinated debt at "A," and commercial paper at "F-1."
 The credit trend is an assessment of the company's fundamental operating outlook over the coming year. Based on the aggressive reserve actions taken to address problems in the commercial sector as well as its return to profitability in the first quarter, Fitch believes that Transamerica Finance's overall performance has turned the corner. Though profitability will remain below historical standards in 1992, earnings should be better than 1991.
 -0- 5/4/92
 /CONTACT: Nancy E. Stroker of Fitch, 212-908-0533/ CO: Transamerica Finance Corp. ST: IN: FIN SU: RTG


GK -- NY102 -- 6221 05/04/92 16:55 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:148
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