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NATIONSBANK CORP. COMMERCIAL PAPER RATED 'F-1' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 16 /PRNewswire/ -- NationsBank Corp.'s (NYSE: NB) commercial paper is rated "F-1" by Fitch. The corporation's "A+" senior debt, "A" subordinated debt, and "A-" preferred stock are affirmed. The credit trend is improving.
 NationsBank's outstanding commercial paper at Sept. 30, 1993 was $1.4 billion and averaged $1.2 billion during 1993's third quarter. Back-up support for the program aggregates $1 billion from a syndicate of 42 domestic and international banks. Facilities include a $500 million term credit line maturing in 1996 and a $500 million 364-day credit line.
 The corporation's acquisition of MNC Corp. on Oct. 1, 1993 created a multinational banking company with assets approximating $155 billion. The addition of this Maryland banking company positions the corporation as one of the country's influential bank-related financial institutions -- trailing only Citicorp and BankAmerica Corp. in total asset size.
 NationsBank has added aggressively to its earning assets categories during 1993. In addition to traditional commercial banking operations represented by MNC, the corporation has added, or will have added by year end, about $18 billion of assets to its nonbank subsidiaries. A portion of this amount further diversifies the consolidated lending portfolio by adding about $3.7 billion of consumer-related receivables. As of Sept. 30, 1993, consumer loans accounted for about 41 percent of all loans, growing toward the corporate goal of 50 percent.
 Additionally, the inclusion of Chicago Research & Trading Group Ltd.'s portfolio (now NationsBanc-CRT) extends NationsBank's array of products and services to include options marketing making and trading. This latter acquisition had the added benefit of NationsBank becoming one of 39 institutions classified as a primary dealer in transactions with the Federal Reserve.
 Flowing from the growing asset diversification of both products and locations is the increasing breadth of units contributing to the core earnings of NationsBank. With net income expected to be above $1.2 billion for 1993, excluding the $200 million gain from a change in income tax accounting, NationsBank is one of a small group of financial institutions whose earnings power generates income of greater than $1 billion annually.
 -0- 11/16/93
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (NB)


CO: NationsBank Corp. ST: IN: FIN SU: RTG

MP -- NY047 -- 5012 11/16/93 11:07 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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