NY -- Standard&Poor's CreditWire 10/24/95 -- Standard&Poor's raises its rating on Foothill Capital Corp.'s debt as follows: -- Senior debt to double-`A'-minus from triple-`B'; -- Commercial paper to `A-1'-plus from `A-2'; and -- Counterparty rating to double-`A'-minus from triple-`B'. The ratings originally were placed on CreditWatch May 16, 1995. The ratings outlook is now stable. About $759 million in outstanding debt is affected. The upgrades reflect the completion of the acquisition of Foothill Group Inc. and Foothill Capital Corp. by Norwest Corp. Going forward, the companies will operating under their own names as subsidiaries of Norwest. OUTLOOK: Stable. A stable outlook is assigned, corresponding to that of its parent, Norwest, Standard&Poor's said. -- CreditWire
