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CHEMICAL BANK'S $200 MILLION 7 PERCENT SUBORDINATED NOTES RATED "A-" BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, May 21 /PRNewswire/ -- Chemical Bank's newly issued $200 million of 7 percent subordinated notes, due June 1, 2005, is rated "A-" by Fitch. The credit trend is stable. Chemical Bank is the principal subsidiary of Chemical Banking Corp.
 The rating reflects strengthened core earnings enhanced by meaningful reductions in overhead costs, substantial liquidity at the bank, and improving asset quality measurements.
 -0- 5/21/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (CHL)


CO: Chemical Bank ST: New York IN: FIN SU: RTG

TS -- NY014 -- 1112 05/21/93 09:38 EDT
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Publication:PR Newswire
Date:May 21, 1993
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