Fitch Withdraws United National Bancorp's Ratings.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 5, 2004 Fitch Ratings has upgraded the ratings for United National Bancorp (UNBJ UNBJ Union Nacional Bautista de Jovenes ) following its acquisition by PNC Financial Services PNC Financial Services (NYSE: PNC) is a U.S.-based financial services corporation, with assets of $92.0 billion. PNC operations include a regional banking franchise operating primarily in eight states and the District of Columbia, specialized financial businesses serving Group, Inc. (PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress ). UNBJ's ratings are removed from Rating Watch Positive where they were listed effective August 21, 2003, and aligned with PNC's ratings. At the same time, Fitch has withdrawn UNBJ's ratings in recognition of the fact that UNBJ has been fully merged with and into PNC. Ratings Upgraded, Removed from Rating Watch Positive and Withdrawn: United National Bancorp -- Long-term Senior to 'A' from 'BBB-'; -- Short-term Senior to 'F1' from 'F3'; -- Individual to 'B/C' from 'C'. Rating Upgraded and Removed from Rating Watch Positive: UNB UNB University of New Brunswick UNB Universidade de BrasÃlia (University of Brasilia) UNB United News of Bangladesh (news agency) UNB Unclassified News Board UNB Unbuffered Capital Trust I -- Trust Preferred to 'A-' from 'BB+'. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion