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BANKAMERICA'S $281.25 MILLION 9 PERCENT PREFERRED STOCK RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 BANKAMERICA'S $281.25 MILLION 9 PERCENT PREFERRED STOCK
 RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Dec. 13 /PRNewswire/ -- BankAmerica Corp.'s newly offered 11.25 million shares of 9 percent preferred stock ($281.25 million) is rated 'A'.
 Originally filed as six million shares ($150 million), the strong demand for this preferred issue resulted in an increased offering, even in light of waning market interest for preferred stock of many banking companies. BankAmerica enjoys a high level of liquidity, with cash and near-cash items currently totaling about $2.5 billion. A portion of these funds is expected to be used to replace some of the higher-cost borrowings of Security Pacific Corp., following its acquisition by BankAmerica in 1992. BankAmerica also commands good access to all maturities of the capital markets.
 -0- 12/13/91
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (BAC) CO: BankAmerica Corp. ST: California IN: FIN SU: RTG


JT -- NY070 -- 2581 12/13/91 17:59 EST
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Publication:PR Newswire
Date:Dec 13, 1991
Words:162
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