Article: DCR Rates Republic National Bank of New York's $5 Billion Global Note Program

CHICAGO, Sept. 27 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has assigned ratings to Republic National Bank of New York's $5 billion Global Note Program. Ratings include: long-term obligations, 'AA+' (Double-A-Plus) and short-term obligations, 'D-1+' (D-One-Plus).

Republic Mase Australia Limited (RMAL), Republic National Bank's indirect wholly owned subsidiary, may also issue its own notes under this program. Notes of RMAL are unconditionally guaranteed by Republic National Bank of New York and carry the same ratings.

Republic National Bank of New York's ratings reflect the bank's consistent core profitability, historically solid balance sheet ...

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