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BANC ONE MANAGEMENT AND CONSULTING CORP. RATED 'SUPERIOR' BY FITCH -- FITCH FINANCIAL WIRE --

 BANC ONE MANAGEMENT AND CONSULTING CORP. RATED 'SUPERIOR' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 5 /PRNewswire/ -- Banc One Management and Consulting Corp. is rated 'Superior' as a servicer of non-performing commercial mortgage loans and real estate owned assets (REO) by Fitch.
 This is Fitch's first public rating of a non-performing loan and REO servicer. 'Superior' is the highest of five rating categories, which also include: Above Average, Average, Below Average, and Unacceptable. Fitch has privately rated five other servicers.
 BOMCC's rating is based primarily on its management and organizational strengths, its proven asset management and disposition capabilities, and its broad experience with a variety of property types nationwide. It also reflects the implicit backing of BOMCC's parent company.
 BOMCC, a wholly owned subsidiary of Banc One Corp. of Columbus, Ohio, has been managing assets for the Federal Deposit Insurance Corp. and Resolution Trust Corp. since January 1990. Through its three subsidiaries, BOMCC currently manages and services more than 10,000 loans and REO assets, representing a diverse variety of property types. During the first quarter of 1992, BOMCC had $1.6 billion of commercial mortgage loans and $926 million of REO assets under management. Cash collections since January 1990 exceed $1.2 billion. In addition, BOMCC has been selected as special servicer for the RTC's 1992-C6 and 1992-C7 commercial mortgage pass-through transactions.
 BOMCC's affiliation with Banc One provides it with extensive resources. For example, Banc One's $4.5 billion in equity complements BOMCC's own $36.5 million in equity capital. Also, in addition to its own 750 employees, BOMCC has at its disposal Banc One's 30,000 employees located in nearly 900 offices in 23 states, including non-banking operations.
 -0- 11/5/92
 /CONTACT: Harvey M. Lederman of Fitch, 212-908-0635/
 (ONE) CO: Banc One Management and Consulting Corp. ST: Ohio IN: FIN SU: RTG


CK -- NY037 -- 2964 11/05/92 10:22 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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