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MNC FINANCIAL, INC. PREFERRED STOCK RATING RAISED TO 'B+' BY DUFF & PHELPS

 CHICAGO, March 19 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has raised the ratings on the preferred stock of MNC Financial, Inc., to `B+' (single B plus) from `DP' (preferred stock with dividend arrearages) following the declaration of dividends and payment of all arrearages. Ratings are raised on MNC's adjustable rate cumulative preferred stock Series CC and DD and its $11.25 cumulative convertible preferred stock. These ratings remain on Rating Watch -- Favorable reflecting the proposed acquisition of MNC by NationsBank Corporation.
 MNC Financial reported total assets of $17 billion at yearend and operates nearly 250 banking centers in Maryland, Virginia, and the District of Columbia.
 -0- 3/19/93
 /CONTACT: Charles J. Orabutt, Jr., CPA of Duff & Phelps Credit Rating Co., 312-368-3153/
 (MNC)


CO: MNC Financial, Inc. ST: Maryland IN: FIN SU: RTG

SB -- NY039 -- 7913 03/19/93 12:40 EST
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Publication:PR Newswire
Date:Mar 19, 1993
Words:142
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