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WESTINGHOUSE ELECTRIC $275 MILLION DEBENTURES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 WESTINGHOUSE ELECTRIC $275 MILLION DEBENTURES RATED 'A' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, July 30 /PRNewswire/ -- Westinghouse Electric Corp.'s new issue of $275 million 8-5/8 percent debentures due 2012 is rated 'A' by Fitch. Affirmed are Westinghouse's $1.3 billion outstanding 'A' senior debt and its 'F-1' commercial paper program. The credit trend is declining.
 This new issue is a takedown from a shelf registration. Proceeds will be used to pay down short-term debt. The offering is part of Westinghouse Electric's continuing effort to reduce the company's reliance on commercial paper as a primary funding source.
 -0- 7/30/92
 /CONTACT: Keith B. Foley, 212-908-0572, or Phillip R. Brannon, 212-908-0578, both of Fitch/
 (WX) CO: Westinghouse Electric Corp. ST: Pennsylvania IN: SU: RTG


LD -- NY099 -- 5269 07/30/92 16:23 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
Words:135
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