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THOMSON BANKWATCH GIVES NORWEST HIGHEST RATING

 MINNEAPOLIS, Jan. 7 /PRNewswire/ -- Norwest Corporation (NYSE: NOB) announced today that Thomson BankWatch, Inc. has upgraded Norwest's issuer rating from A/B to A.
 "We are pleased that Thomson BankWatch has fully acknowledged the significant strength that Norwest exhibits in all areas of earnings, asset quality and capital," said John T. Thornton, Norwest's chief financial officer. "This upgrade puts us in the very best Thomson BankWatch rating classification, with only J.P. Morgan and Wachovia Corporation sharing this status among the 35 largest domestic bank holding companies."
 In its communication with its subscribers, Thomson BankWatch noted that "Norwest Corporation boasts a predictable, diversified earnings stream, a low risk loan mix, and a strong capital position. Operating as a super-community bank in much of the Midwest, Norwest Corporation's banking franchise offers good geographic diversification. Wide margins, enhanced by a finance subsidiary, generate strong net interest income. Moreover, healthy fee income emanates from a large, national mortgage banking business, trust, and insurance, supplementing various fees related to the banking franchise.
 "Norwest Corporation continues to benefit from a loan portfolio that is diversified by region, industry, and loan type. The community banking franchise attracts consumer loans and small and middle market commercial credit. As such, exposure to individual borrowers is typically very small. In addition, Norwest Corporation has limited exposure to higher risk loan categories, such as commercial real estate and highly leveraged transactions. A strong reserve position and favorable asset quality trends have enabled the company to moderate loan loss provisions, post stronger profitability ratios, and continue to build its solid capital base."
 Norwest Corporation is a $41 billion company providing banking, insurance, investment and other financial services through 1,964 offices in all 50 states, all 10 Canadian provinces and internationally.
 -0- 1/7/93
 /CONTACT: Patrice Vick of Norwest Corporation, 612-667-0148/
 (NOB)


CO: Norwest Corporation ST: Minnesota IN: FIN SU:

KH -- MN010 -- 2678 01/07/93 12:26 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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