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REPUBLIC NEW YORK $150 MILLION 7.75 PERCENT SUBORDINATE NOTES RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 REPUBLIC NEW YORK $150 MILLION 7.75 PERCENT SUBORDINATE NOTES
 RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, May 7 /PRNewswire/ -- Republic New York Corp.'s newly issued $150 million of 7.75 percent subordinated notes due May 15, 2002, are rated 'AA-' by Fitch. The credit trend is stable.
 Republic's asset quality measurements, 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 the banking subsidiaries, as well as the parent company, is maintained at high levels.
 -0- 5/7/92
 /CONTACT: Fred W. DeBussey of Fitch, 212-908-0521/
 (RNB) CO: Republic New York Corp. ST: New York IN: FIN SU: RTG


SM -- NY109 -- 7808 05/07/92 16:32 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 7, 1992
Words:138
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