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BANKAMERICA $250 MILLION 6.85 PERCENT SUBORDINATED NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Feb. 26 /PRNewswire/ -- BankAmerica Corp.'s newly issued $250 million 6.85 percent subordinated notes, due March 1, 2003, are rated 'A+' by Fitch. The credit trend is stable.
 BankAmerica's core profitability is growing, and further enhancement is expected from additional savings in overhead expenses from the acquisition of Security Pacific Corp. Fitch expects that the corporation's target of $1.25 billion for these savings on an annualized basis in 1994 will be exceeded and the time frame necessary to realize these expense costs may be shorter.
 Capital ratios, including those on a risk-adjusted basis, continue to strengthen. Reserve coverage of nonperforming loans is strong at just under 100 percent.
 The April 1992 merger with Security Pacific represented the largest banking combination in U.S. history. Yet, selected operating and balance sheet ratios covering BankAmerica's capital, margins, adjusted overhead, and asset quality measurements at the end of 1992 were not materially different than those posted for the corporation alone at the end of 1991. This is a result of BankAmerica's disciplined management style and attention to detail, vital components in structuring and implementing the acquisition.
 -0- 2/26/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (BAC)


CO: BankAmerica Corp. ST: California IN: FIN SU: RTG

SH -- NY037 -- 0889 02/26/93 13:08 EST
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Publication:PR Newswire
Date:Feb 26, 1993
Words:217
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