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CHEMICAL BANKING CORP. $300 MILLION NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Feb. 5 /PRNewswire/ -- Chemical Banking Corp.'s newly issued $300 million floating rate notes due Feb. 15, 1995, are 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.
 These notes will reprice quarterly at a spread of 30 basis points above three-month LIBOR.
 -0- 2/5/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (CHL)


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

GK -- NY011 -- 3423 02/05/93 10:02 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 5, 1993
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