Printer Friendly

BANK OF BOSTON APPLAUDS UPGRADE

 BANK OF BOSTON APPLAUDS UPGRADE
 BOSTON, June 16 /PRNewswire/ -- Responding to an upgrade today by


Moody's Investor Service, Inc., Bank of Boston's Chief Financial Officer, Peter J. Manning said, "Following an upgrade earlier this year by Moody's, today's announcement clearly illustrates that we are on the right track. This is a vote of confidence in our turnaround, continued progress and our future outlook."
 Bank of Boston officials attributed the upgrade to several factors, including the bank's sustained profitability, increased capital levels, and a significant decline in non-performing assets.
 Bank of Boston Corporation (NYSE: BKB) reported net income of $57 million for the first quarter of 1992, its third consecutive profitable quarter.
 Bank of Boston Corporation, with assets of $31 billion at March 31, 1992, is a New England-based superregional bank holding company with both national and international operations.
 -0- 6/16/92
 /CONTACT: Constance Hubbell of the Bank of Boston, 617-434-6883/
 (BKB) CO: the Bank of Boston ST: Massachusetts IN: FIN SU:


TM -- NE021 -- 0859 06/16/92 17:24 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 16, 1992
Words:171
Previous Article:INTERNATIONAL TESTING SERVICES ANNOUNCES THIRD QUARTER RESULTS FOR FISCAL YEAR ENDING JULY 31, 1992
Next Article:NEW SOFTWARE AND TOLL-FREE OPERATOR SERVICE INCREASES ACCESSIBILITY OF 'SKYWORD'
Topics:


Related Articles
SHAWMUT NATIONAL CORPORATION RATING IS UPGRADED BY BANKWATCH
DUFF & PHELPS: DUFF & PHELPS UPGRADES SHAWMUT NATIONAL CORPORATION
SIGMA DATA SUPPORTS IBM/HYPERTEC ANNOUNCEMENT
BOSTON GLOBE ANNOUNCES $5,000 GRANT FOR BUYBACK BOSTON; PAPER ISSUES CHALLENGE TO OTHER COMPANIES TO HELP GET GUNS OFF THE STREETS OF BOSTON
SHAWMUT NATIONAL CORPORATION ISSUES $150 MILLION IN SUBORDINATED DEBT
SHAWMUT NATIONAL CORPORATION RATINGS UPGRADED BY MOODY'S & THOMSON BANKWATCH
DUFF & PHELPS: SHAWMUT NATIONAL CORPORATION RATINGS UPGRADED
SHAWMUT AND AT&T ENTER $20 MILLION PACT FOR HIGH-TECH BANKING SERVICES
DUFF & PHELPS: BANK OF BOSTON CORPORATION CREDIT RATINGS UPGRADED
DCR UPGRADES BANK OF BOSTON CORP. TO 'A'

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters