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REPUBLIC NEW YORK $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 --
 NEW YORK, July 31 /PRNewswire/ -- Republic New York Corp.'s newly issued $100 million floating rate subordinated notes due Aug. 7, 2002, are rated 'AA-' by Fitch. The credit trend is stable. Interest on the notes will float quarterly six basis points below the London interbank offered rate.
 Republic's asset quality measurements, strong reserve coverage of troubled credits, and high risk-adjusted capital ratios remain well above peers. Disciplined asset/liability management has resulted in carefully crafted maturity and interest rate matching which enhances balance sheet strength. Liquidity for both the bank as well as the parent company is maintained at very ample levels.
 -0- 7/31/92
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (RNB) CO: Republic New York Corp. ST: New York IN: FIN SU: RTG


SM -- NY055 -- 5704 07/31/92 14:59 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
Words:150
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