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Contact:

Steven Kessler
Chief Financial Officer
        or
Pamela Schreiber
Investor Relations
Resource America, Inc.
1521 Locust Street-4th Floor
Philadelphia, PA 19102
215/546-5005, 215/546-5388 fax





RESOURCE AMERICA REPORT UPGRADE IN DEBT RATING FROM STANDARD & POOR'S

Philadelphia, PA, 8/26/1998 - Resource America, Inc. (NASDAQ:REXI) (the "Company") announced today that Standard & Poor's assigned its single "B-" long-term credit rating to the Company and to the company's $115 million 12% 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 Caal (equivalent to S&P's CCC+).
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