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DCR Withdraws Chrysler Preferred Stock Rating

28 July 1998

DCR Withdraws Chrysler Preferred Stock Rating

    CHICAGO, July 28 -- Duff & Phelps Credit Rating Co. (DCR) has
withdrawn its 'A-' (Single-A-Minus) preferred stock rating of Chrysler
Corporation, as Chrysler called for redemption on July 24 all depositary
shares representing its Series A convertible preferred stock.
    The Series A convertible preferred stock, which was issued in February
1992, is the only preferred equity the automaker has had outstanding.