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CHEMICAL BANKING'S $150 MILLION SUBORDINATED FLOATING RATE NOTES 'A-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, June 15 /PRNewswire/ -- Chemical Banking Corp.'s newly issued $150 million of floating rate subordinated notes, due June 15, 2000, is rated 'A-' by Fitch. The credit trend is stable.
 The rating reflects strengthened core earnings enhanced by meaningful reductions in overhead costs, substantial liquidity at the bank, and improving asset quality measurements.
 -0- 6/15/93
 /CONTACT: Fred W. DeBussey, 212-908-0521, of Fitch/
 (CHL)


CO: Chemical Banking Corp. ST: New York IN: FIN SU: RTG

LR -- NY041 -- 2073 06/15/93 11:20 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
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