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CHEMICAL BANKING'S $150 MILLION FLOATING RATE NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 29 /PRNewswire/ -- Chemical Banking Corp.'s new issue of $150 million floating-rate notes due May 6, 1996 is rated `A' by Fitch. The credit trend is stable.
 The rating reflects strengthened core earnings enhanced by meaningful reductions in overhead costs, substantial liquidity at both the parent and banking subsidiaries, modest parent company double leverage, and improving asset quality measurements.
 Interest on these notes floats with quarterly payments of 25 basis points above LIBOR. The notes are callable on and after May 18, 1994, in whole or in part within 30 and 60 days notice, at par plus accrued interest.
 -0- 4/29/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (CHL)


CO: Chemical Banking Corp. ST: New York IN: FIN SU: RTG

WB -- NY082 -- 2695 04/29/93 13:28 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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