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WESTINGHOUSE $4 BILLION 'A' SENIOR DEBT ON FITCHALERT NEGATIVE -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 20 ~PRNewswire~ -- Westinghouse Electric Corp.'s $1.5 billion "A" senior debt, $41 million "A-" subordinated debt, and $200 million "F-1" commercial paper are placed on FitchAlert with negative implications. Westinghouse Credit Corp.'s $2.5 billion "A" senior debt and $600 million "F-1" commercial paper are also placed on FitchAlert negative.
 The action is in response to Westinghouse's announcement that management may change its time horizon in dealing with the problems at Westinghouse Financial Services Inc. (WFSI). Options under consideration include accelerating the schedule for disposition of WFSI assets, rather than downsizing over a three-to-five year period as originally planned. A more rapid liquidation of the assets could result in larger than anticipated losses, which could require the parent to make a capital infusion pursuant to a support agreement. To accomplish this, Westinghouse may have to sell certain business units.
 Fitch will review the plans to downsize WFSI as well as the business and financial profile of the remaining businesses. If higher than anticipated reserves further damage the parent's financial condition and limit the availability of capital to other divisions, a downgrade may be warranted.
 -0- 11~20~92
 ~CONTACT: Keith B. Foley, 212-908-0572, or Nancy E. Stroker, CFA, 212-908-0533, both of Fitch~
 (WX)


CO: Westinghouse Electric Corp. ST: Pennsylvania IN: SU: RTG

TS-OS -- NY027 -- 3352 11~20~92 12:08 EST
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Publication:PR Newswire
Date:Nov 20, 1992
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