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NATIONSBANK SENIOR SHELF DEBT RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NATIONSBANK SENIOR SHELF DEBT RATED 'A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, March 13 /PRNewswire/ -- NationsBank Corp.'s recently filed shelf registration covers $1 billion of debt and preferred securities. Senior debt issued from this shelf filing will be rated 'A+' by Fitch, subordinated debt 'A', and preferred stock 'A-'. The credit trend for NationsBank is improving.
 Reflected in these ratings are NationsBank's broadly diversified base of core retail funding, improved reserve coverage of non- performing loans, and expected material savings in overhead expenses which will enhance growing profitability. Nationsbank also possesses a moderate loan-to-asset ratio and above-peer capital ratios which have been further strengthened by $350 million of new common equity.
 NationsBank was formed by the merger of NCNB Corp. and C&S/Sovran Corp. at the end of 1991. The new organization ranks as the fourth largest domestic bank holding company based on its $110 billion of total assets. The management team for the new company is comprised of seasoned personnel with recognized banking acumen in their respective areas of operation.
 -0- 3/13/92
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (NB) CO: NationsBank Corp. ST: IN: FIN SU: RTG


AH -- NY029 -- 7755 03/13/92 11:16 EST
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Publication:PR Newswire
Date:Mar 13, 1992
Words:203
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