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BANKERS TRUST'S $150 MILLION 7.625 PERCENT CONVERTIBLE CAPITAL SECURITIES RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, June 2 /PRNewswire/ -- Bankers Trust New York Corp.'s newly issued $150 million of 7.625 percent convertible capital securities, due June 1, 2033, are rated AA-' by Fitch. The issue is subordinated to the corporation's AA' senior debt. The credit trend is stable.
 The rating reflects Bankers Trust's continuing strength in earnings and profitability, substantial liquidity, strong coverage of nonperforming loans, and meaningful improvement in risk-adjusted capital ratios.
 At the option of Bankers Trust, the coupon on this debt issue may be reduced by 1.5 percent. If the option is exercised, the debtholder may convert the notes into cumulative preferred stock of Bankers Trust New York Corp. which would carry an annual dividend rate of 7.625 percent. Fitch's current rating on the preferred stock of Bankers Trust is A+'.
 -0- 6/2/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (BT)


CO: Bankers Trust New York Corp. ST: New York IN: FIN SU: RTG

WB -- NY045 -- 4459 06/02/93 12:16 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:168
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