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MNC FINANCIAL SENIOR DEBT 'A+' BY FITCH AFTER NATIONSBANK ACQUISITION -- FITCH FINANCIAL WIRE --

 NEW YORK, Oct. 5 /PRNewswire/ -- MNC Financial, Inc.'s (NYSE: MNC) outstanding obligations are rated as follows by Fitch after its acquisition by NationsBank Corp. (NYSE: NB) effective Oct. 1: senior debt "A+," subordinated debt "A," and preferred stock "A-." In addition, MNC subsidiaries Maryland National Bank's and American Security Bank, N.A.'s long- and short-term certificates of deposit and letters of credit are rated "A+/F-1." The credit trend for all three units is improving.
 The ratings reflect NationsBank's broadly diversified base of core retail funding, improved asset quality, higher reserve coverage of nonperforming loans, firm control of overhead expenses, which enhances NationsBank's growing earnings, and strong capital ratios.
 -0- 10/05/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (MNC NB)


CO: MNC Financial, Inc.; NationsBank Corp. ST: Maryland, North Carolina IN: FIN SU: RTG

LG -- NY022 -- 8754 10/05/93 09:52 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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