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ZALE CORP. DEBTOR-IN-POSSESSION FACILITY'S 'A' RATING AFFIRMED BY FITCH -- FITCH FINANCIAL WIRE --

ZALE CORP. DEBTOR-IN-POSSESSION FACILITY'S 'A' RATING AFFIRMED BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, June 1 /PRNewswire/ -- Fitch affirms its "A" rating on Zale Corp.'s $120 million Debtor-in-Possession (DIP) Inventory Facility provided by Chemical Bank. The financing was approved by the bankruptcy court pursuant to a Final Order on April 21.
 Zale, the largest retailer of fine jewelry in the U.S., filed for Chapter 11 bankruptcy protection on Jan. 26.
 -0- 6/1/92
 /CONTACT: Wayne A. Josephson, 212-908-0559, or Thomas P. Razukas, 212-908-0557, both of Fitch/ CO: Zale Corp. ST: IN: REA SU: RTG


SH -- NY071 -- 5812 06/01/92 15:05 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
Words:106
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