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BARNETT BANKS ON FITCHALERT WITH EVOLVING IMPLICATIONS -- FITCH FINANCIAL WIRE --

 BARNETT BANKS ON FITCHALERT WITH EVOLVING IMPLICATIONS
 -- FITCH FINANCIAL WIRE --
 NEW YORK, May 18 /PRNewswire/ -- Barnett Banks Inc.'s "BBB+" senior debt rating is placed on FitchAlert with evolving implications following its announcement of an agreement to acquire First Florida Banks, Inc.. This uncertain trend indicates that Barnett's senior debt rating could increase, decline, or remain the same pending Fitch's review of this merger. Plans call for the merger to be completed by year end 1992.
 Based upon current data, the combined companies would have assets totaling about $38 billion and equity of $2.5 billion.
 -0- 6/18/92
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (BBI) CO: Barnett Banks Inc. ST: Florida, Georgia IN: FIN SU: RTG


SH -- NY074 -- 1449 05/18/92 15:36 EDT
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Publication:PR Newswire
Date:May 18, 1992
Words:128
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