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THOMSON BANKWATCH ADDS BANC ONE TO SELECT "AA" LIST

 NEW YORK, Aug. 4 /PRNewswire/ -- Thomson BankWatch Inc. has upgraded its rating of Banc One Corporation's subordinated debt to "AA" from "AA-," adding Banc One to a select but growing number of U.S. banking institutions holding this high rating from BankWatch.
 Though some in the industry argue that U.S. banks are inherently not creditworthy enough to receive "AA" ratings or above, BankWatch believes that the best institutions -- now including Banc One -- do deserve such ratings. Banc One possesses all of the qualities we expect from such companies, including solid capital ratios, good asset quality, consistently strong earnings, and a dominant franchise. Moreover, management has demonstrated its ability to master the acquisition process by completing over 100 transactions to date without diluting its strengths.
 BankWatch long-term debt ratings have expanded significantly since their introduction in 1991. A large number of international banks, securities firms, finance companies, and credit card banks now carry BankWatch long-term ratings. Our most recent long-term debt rating actions include:
 BANC ONE CORPORATION
 Subordinated Debt upgraded to AA
 BANCO ESPANOL DE CREDITO (BANESTO)
 Senior Debt assigned A+
 CHARLES SCHWAB CORPORATION
 Senior Debt assigned A+
 Subordinated Debt assigned A
 CHASE MANHATTAN CORP.
 Senior Debt upgraded to A
 Subordinated Debt upgraded to A-
 COLONIAL NATIONAL BANK USA
 Subordinated Debt assigned A+
 FIRST ALABAMA BANCSHARES
 Subordinated Debt assigned AA-
 HOUSEHOLD FINANCE CORPORATION
 Senior Debt assigned A+
 Senior/Subordinated Debt assigned A
 Preferred Stock assigned A-
 TRANSAMERICA FINANCE GROUP, INC.
 Senior Debt assigned A+
 Founded in 1974 and widely considered the industry standard for bank ratings, Thomson BankWatch monitors more than 400 banks, thrifts and securities firms, providing the world's largest financial institutions, money managers, corporations, and government regulators with vital information on credit risk.
 This communication is not an offer to sell or a solicitation of an offer to buy the securities mentioned. The information contained herein is derived from publicly available sources and Thomson BankWatch, Inc. makes no representation as to the accuracy or completeness of such information.
 -0- 8/4/93
 /NOTE TO EDITORS: For a FREE subscription to our DebtWatch(TM), our long-term debt ratings and research publication call CONTACT listed below./
 /CONTACT: Dianne Del Bello, senior vice president-marketing and sales, 212-510-0309, or Bruce Sherman, sales manager, 212-510-0326, both of Thomson Bankwatch/
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CO: Banc One Corporation ST: Ohio IN: FIN SU: RTG

SM -- NY033 -- 9281 08/04/93 10:32 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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