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NATIONSBANK CORP. SENIOR DEBT 'A+', BANK CDS 'A+/F-1' BY FITCH -- FITCH FINANCIAL WIRE --

 NATIONSBANK CORP. SENIOR DEBT 'A+', BANK CDS 'A+/F-1' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, June 22 /PRNewswire/ -- NationsBank Corp.'s outstanding senior debt is rated 'A+' by Fitch. Its subordinated debt is rated 'A' and its preferred stock 'A-'. These ratings apply to securities issued by any of the companies which merged to form NationsBank Corp.: NCNB Corp., C&S/Sovran Corp., and Tennessee Valley Corp. These companies' securities were assumed by NationsBank Corp. The credit trend is improving.
 Certificates of deposit and letters of credit of NationsBank Corp. subsidiary banks are rated 'A+/F-1'. These banks include: C&S National Bank of Florida, NationsBank of D.C., N.A., NationsBank of GA, N.A., NationsBank of MD, NationsBank of NC, N.A., NationsBank of Tennessee, NationsBank of Texas, N.A., NationsBank of SC, N.A., NationsBank of SC, N.A., NationsBank of VA, N.A., and NCNB National Bank of Florida.
 The ratings reflect the corporation's broadly diversified base of core retail funding, improving reserve coverage of nonperforming loans, expected material savings in overhead expenses which will enhance growing profitability, moderate loan to asset ratio, and above peer capital ratios which were strengthened by a common equity issue early this year. In addition, the management team for the new company is comprised of seasoned personnel with recognized banking acumen in their respective areas of operation.
 -0- 6/22/92
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (NB) CO: NationsBank Corp. ST: IN: FIN SU: RTG


PS -- NY032 -- 2334 06/22/92 11:09 EDT
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Publication:PR Newswire
Date:Jun 22, 1992
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