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REPUBLIC NATIONAL BANK $1.5 BILLION BANK NOTES RATED 'AA+' BY FITCH -- FITCH FINANCIAL WIRE --

REPUBLIC NATIONAL BANK $1.5 BILLION BANK NOTES RATED 'AA+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Dec. 20 /PRNewswire/ -- Republic National Bank of New York's newly issued $1.5 billion of 4.5 percent bank notes due Jan. 6, 1993 are rated 'AA+' by Fitch. The bank is the principal subsidiary of Republic New York Corp. (NYSE: RNB). The credit trend is stable.
 Republic's asset quality measurements, strong reserve coverage of troubled credits, and high risk-adjusted capital ratios remain well above peers. The outstanding balance sheet strength is well recognized by the market, as evidenced by the receptivity for this issue. Originally planned as a $1 billion offering, demand quickly raised the principal amount to $1.5 billion.
 -0- 12/20/91
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (RNB) CO: Republic National Bank of New York ST: New York IN: FIN SU: RTG SB -- NY062 -- 4451 12/20/91 15:03 EST
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Publication:PR Newswire
Date:Dec 20, 1991
Words:154
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