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Strategies & Market Trends : Resource America (REXI)

REXI 9.780

0.0%

Sep 9 5:00 PM EST

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To: Tom Murphy who wrote (29)	8/27/1998 10:01:00 AM
From: Paul Tran	Read Replies (1) of 220

Rating from Standard & Poor's Source: Business Wire PHILADELPHIA (Aug. 26) BUSINESS WIRE -Aug. 26, 1998--Resource America Inc. (NASDAQ:REXI) (the "company") announced today that Standard & Poor's assigned its single-"B"-minus long-term credit rating to the company and to the company's $115 million 12 percent senior unsecured notes due 2004. This signifies a rating upgrade for the company and its unsecured notes. Although S&P has not previously rated the company, Moody's had issued a rating in July 1997 of Caa1 (equivalent to S&P's CCC+). -0- djl/clv* CONTACT: Resource America Inc., Philadelphia Steven Kessler or Pamela Schreiber, 215/546-5005 Fax: 215/546-5388 KEYWORD: MD PENNSYLVANIA Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

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