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DUFF & PHELPS: NATIONSBANK CORPORATION $400 MILLION SENIOR NOTES RATED 'A'; $500 MILLION SUBORDINATED NOTES RATED 'A-'

 CHICAGO, Aug. 18 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned a rating of "A" (single A) to NationsBank Corporation's $400 million offering of 4.75 percent senior notes. The notes were priced to yield 4.842 percent to maturity and are due Aug. 15, 1996. A rating of "A-" (single A minus) has been assigned to NationsBank's $500 million offering of 6.5 percent subordinated notes which were priced at par and mature on Aug. 15, 2003.
 The ratings reflect NationsBank's overall sound financial condition. Balance sheet measures have strengthened as asset quality has improved, loan loss reserves have been enhanced, and capital measures have been significantly increased. Further, profitability has also improved dramatically as credit-related costs have declined, the net interest margin has expanded, and overhead costs have been contained. The ratings also incorporate the acquisition of MNC Financial which should be completed during the fourth quarter of 1993. While NationsBank has been an active acquirer, management has shown an ability to successfully integrate new operations.
 NationsBank Corporation ranked as the fifth largest U.S. bank holding company at March 31, 1993. At June 30, 1993, NationsBank reported total assets of $124 billion. NationsBank subsidiaries are engaged in a variety of lending activities and the company operates one of the largest retail banking networks in the United States.
 -0- 8/18/93
 /CONTACT: Charles J. Orabutt, Jr., CPA, of Duff & Phelps Credit Rating Co., 312-368-3153/
 (NB)


CO: NationsBank Corporation ST: North Carolina IN: FIN SU: RTG

LG -- NY029 -- 3871 08/18/93 11:10 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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