REPUBLIC NATIONAL BANK $150 MILLION BANK NOTES RATED 'AA+' BY FITCH -- FITCH FINANCIAL WIRE --
REPUBLIC NATIONAL BANK $150 MILLION BANK NOTES RATED 'AA+' BY FITCH
-- FITCH FINANCIAL WIRE --
NEW YORK, Feb. 18 /PRNewswire/ -- Republic National Bank of New York's newly issued $150 million of 4.35 percent bank notes due Feb. 25, 1993 are rated 'AA+' by Fitch. The bank is the principal subsidiary of Republic New York Corp.
Republic's asset quality measures, strong reserve coverage of troubled credits, and high risk-adjusted capital ratios remain well above peers. Disciplined asset/liability management has resulted in carefully crafted maturity and interest rate matching which enhances balance sheet strength. Liquidity for both the bank and the parent company is maintained at high levels.
/CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/ CO: Republic National Bank of New York ST: New York IN: FIN SU: RTG AH -- NY081 -- 0012 02/18/92 14:16 EST