Printer Friendly

BANK OF NEW YORK $1 BILLION SHELF RATED 'A' FOR SENIOR DEBT BY FITCH -- FITCH FINANCIAL WIRE --

BANK OF NEW YORK $1 BILLION SHELF RATED 'A' FOR SENIOR DEBT BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Sept. 17 /PRNewswire/ -- The Bank of New York Co.'s $1 billion shelf registration is rated 'A' for senior debt, 'A-' for subordinated debt, and 'BBB+' for preferred stock by Fitch. The credit trend is improving.
 Asset quality, which improved during the final half of 1991, has continued this trend into 1992. Strong improvement also has been evident in the coverage of problem loans. Capital, as measured by risk- adjusted regulatory ratios as well as those computed on a tangible basis, have all been strengthened during the past year, aided in part by the issue of new common shares.
 -0- 9/17/92
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (BK) CO: Bank of New York Co. ST: New York IN: FIN SU: RTG


AH -- NY034 -- 0562 09/17/92 10:45 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:Sep 17, 1992
Words:152
Previous Article:HOLOPAK TECHNOLOGIES, INC. TO ACQUIRE ALUBEC INDUSTRIES, INC.
Next Article:MBIA INC. INCREASES QUARTERLY DIVIDEND 24 PERCENT TO $.21 A SHARE
Topics:


Related Articles
CHEMICAL BANKING $4.1 BILLION SENIOR DEBT 'A' BY FITCH AFTER STOCK ISSUE -- FITCH FINANCIAL WIRE --
NATIONSBANK SENIOR SHELF DEBT RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
BANKERS TRUST $1 BILLION SHELF DEBT RATED 'AA/AA-' BY FITCH -- FITCH FINANCIAL WIRE --
BARNETT BANKS ON FITCHALERT WITH EVOLVING IMPLICATIONS -- FITCH FINANCIAL WIRE --
REPUBLIC NEW YORK CORP. $750 MILLION SHELF DEBT RATED 'AA/AA-' BY FITCH -- FITCH FINANCIAL WIRE --
NATIONSBANK 'A+' SENIOR DEBT AFFIRMED BY FITCH AFTER MNC ANNOUNCEMENT --FITCH FINANCIAL WIRE (FFW)--
MBNA CORP. $500 MILLION SHELF DEBT RATED 'A+/A' BY FITCH -- FITCH FINANCIAL WIRE --
BANKAMERICA $3 BILLION DEBT, PREFERRED SHELF RATED BY FITCH -- FITCH FINANCIAL WIRE --
MBNA $1.0 Billion Shelf Rated 'A+' By Fitch -- Fitch Financial Wire --
Norwest Bank, Wells Fargo Bank Units Rated AA+ by Fitch IBCA Fitch IBCA.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters