Printer Friendly

CHEMICAL BANKING $100 MILLION NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 30 ~PRNewswire~ -- Chemical Banking Corp.'s new $100 million floating rate notes due Dec. 1, 1994, are rated 'A' by Fitch. The notes bear interest at a rate 40 basis points above the three month London interbank offered rate. The credit trend is stable.
 The rating reflects Chemical's strengthened core earnings enhanced by reductions in overhead costs, substantial liquidity at both the parent and banking subsidiaries, modest parent company double leverage, and improving asset quality.
 -0- 11~30~92
 ~CONTACT: Fred W. DeBussey of Fitch, 212-908-0521~
 (CHL)


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

SM -- NY064 -- 2045 11~30~92 16:02 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 30, 1992
Words:110
Previous Article:TAMBRANDS $150 MIL. CP PROGRAM RATED 'F-1' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:NATURAL GAS COMPANIES ANNOUNCE ENERGY ASSISTANCE EDUCATION PROGRAM
Topics:


Related Articles
CHEMICAL BANKING $200 MILLION 8.5 PERCENT SUBORDINATED NOTES RATED 'A-' BY FITCH -- FITCH FINANCIAL WIRE
CHEMICAL BANKING $100 MILLION NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
CHEMICAL BANKING $100 MILLION NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
CHEMICAL BANKING $100 MILLION SUBORDINATED NOTES RATED 'A-' BY FITCH -- FITCH FINANCIAL WIRE --
CHEMICAL BANKING $100 MILLION SENIOR NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
BANKERS TRUST $100 MILLION SUBORDINATED NOTES RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --
REPUBLIC NEW YORK $100 MILLION SUBORDINATED NOTES RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --
CHEMICAL BANKING $300 MILLION 7.25 PERCENT SUBORDINATED NOTES 'A-' BY FITCH -- FITCH FINANCIAL WIRE --
CHEMICAL BANKING $200 MIL 7.92 PERCENT PFD. STOCK RATED 'BBB+' BY FITCH --FITCH FINANCIAL WIRE--
CHEMICAL BANKING $100 MILLION FLOATING RATE NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters