Printer Friendly

FITCH WITHDRAWS RATINGS OF EIGHT BANK AND FINANCE COMPANIES -- FITCH FINANCIAL WIRE --

 FITCH WITHDRAWS RATINGS OF EIGHT BANK AND FINANCE COMPANIES
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Jan. 22 /PRNewswire/ -- Fitch withdraws its ratings on the following bank and finance companies. The affected securities are older issues rated five to 10 years ago and Fitch has not rated any subsequent issues by these companies. (Former ratings in parentheses.)
 BayBanks Inc., 5 percent convertible debentures due 1994 (BB+)
 First Maryland Bancorp., 11-7/8 percent notes due 1995 (A) and 10-3/8 percent subordinated capital notes due 1999 (A-)
 First National Bank of Boston, letters of credit (F-3)
 Midlantic Corp., 11.35 percent notes due 1993 and 7.75 percent debentures due 1998 (B)
 Summit Bancorp., 11-7/8 percent notes due 1995, medium-term notes, and adjustable cumulative preferred stock (A-)
 UJB Financial Corp., 7-3/4 percent debentures due 1997 (BBB), and adjustable rate cumulative preferred stock (BBB-)
 U.S. Trust Co. of New York, 8.5 percent capital notes due 2001 (AA-)
 McDonnell Douglas Finance Corp., medium-term notes (BBB+)
 -0- 1/22/92
 /CONTACT: Fay Y. Wong of Fitch, 212-908-0531/ CO: ST: IN: FIN SU: RTG


CK -- NY094 -- 2468 01/22/92 16:27 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:Jan 22, 1992
Words:190
Previous Article:INTER-REGIONAL FINANCIAL GROUP DECLARES DIVIDEND; PLANS TO REGISTER SHARES HELD BY COMMERCIAL CREDIT
Next Article:CITFED BANCORP COMMON STOCK BEGINS TRADING
Topics:


Related Articles
FITCH WITHDRAWS GOTA BANK'S COMMERCIAL PAPER RATING -- FITCH FINANCIAL WIRE --
CHRYSLER FINANCIAL SENIOR DEBT LOWERED TO 'BB+', OFF FITCHALERT -- FITCH FINANCIAL WIRE --
SOCIETY FOR SAVINGS BANCORP RATING WITHDRAWN BY FITCH -- FITCH FINANCIAL WIRE --
OXFORD FINANCE CO., INC. COMMERCIAL PAPER PROGRAM RATING WITHDRAWN BY FITCH -- FITCH FINANCIAL WIRE --
MARK COHEN, NANCY STROKER NAMED TO FITCH EXECUTIVE COMMITTEE -- FITCH FINANCIAL WIRE --
SWEDBANK COMMERCIAL PAPER REVISED TO 'F-1', SPINTAB COMMERCIAL PAPER AFFIRMED BY FITCH -- FITCH FINANCIAL WIRE --
Norwest Bank, Wells Fargo Bank Units Rated AA+ by Fitch IBCA Fitch IBCA.
Fitch withdraws IDRs of Commerce Bank.

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