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FLEET/NORSTAR $100 MILLION 9.375 PERCENT PREFERRED STOCK RATED 'BBB+' BY FITCH -- FITCH FINANCIAL WIRE --

 FLEET/NORSTAR $100 MILLION 9.375 PERCENT PREFERRED STOCK
 RATED 'BBB+' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 26 /PRNewswire/ -- Fleet/Norstar Financial Group, Inc.'s $100 million offering of 9.375 percent perpetual preferred stock is rate 'BBB+' by Fitch.
 This preferred issue will increase Fleet/Norstar's risk adjusted Tier I capital ratio to approximately 9.70 percent, based on figures as of Sept. 30, 1991, when the Tier I ratio stood at 9.35 percent. This pro forma ratio is comfortably above peers based on regional, rating, and asset size rankings.
 -0- 11/26/91
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (FNG) CO: Fleet/Norstar Financial Group, Inc. ST: IN: FIN SU: RTG


CK -- NY061 -- 7367 11/26/91 14:00 EST
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Publication:PR Newswire
Date:Nov 26, 1991
Words:126
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