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/C O R R E C T I O N -- FITCH RATES CHASE MANHATTAN/

 In NY019, Chase Manhattan Bank $100 Million Subordinated Notes Rated 'A-' by Fitch, moved Monday, Oct. 11, we are advised by Fitch that the notes were issued by Chase Manhattan Corp., not Chase Manhattan Bank N.A., as originally issued. The rating of the notes is "BBB+", not "A-" as originally issued. The corrected release follows:
 NEW YORK, Oct. 11 /PRNewswire/ -- Chase Manhattan Corp.'s new $100 million 6.125 percent subordinated notes, due Oct. 15, 2008, are rated "BBB+" by Fitch. The credit trend is improving.
 The rating reflects Chase's underlying trend of improving core profitability and franchise earnings, enhanced asset quality measurements, and stronger capital ratios.
 Ratings for the Chase group were upgraded in June, reflecting the corporation's sale of new common equity and the significant change in Chase's work-out philosophy for its troubled real estate portfolio. These moves are right steps for the bank and its parent company and meld well with organization's strategic focus.
 -0- 10/12/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 /PRNewswire -- Oct. 12/
 (CMB)


CO: Chase Manhattan Corp. ST: New York IN: FIN SU: RTG

TW -- NY042 -- 1034 10/12/93 11:07 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
Words:193
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