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BANKAMERICA $250 MILLION 7.875 PERCENT SUBORDINATED NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 18 ~PRNewswire~ -- BankAmerica Corp.'s newly issued $250 million of 7.875 percent subordinated notes, due Dec. 1, 2002 are rated 'A+' by Fitch. The credit trend is stable.
 The April 1992 merger with Security Pacific Corp. 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's third quarter 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.
 BankAmerica coupled months of acquisition planning, including the critical issuance of new capital, with important guidance to Security Pacific in restructuring its earning assets. These actions are a prelude to the strategic decisions that are expected to generate more than $1.25 billion in annualized overhead expense savings projected by the corporation for 1994.
 -0- 11~18~92
 ~CONTACT: Fred W. DeBussey of Fitch, 212-908-0521~
 (BAC)


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

SM -- NY103 -- 2580 11~18~92 17:24 EST
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Publication:PR Newswire
Date:Nov 18, 1992
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