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Article: Bank of New York preferred stock rated. (Fitch Investors Service Inc.)
- Article from:
- PR Newswire
- Article date:
- May 20, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BANK OF NEW YORK PREFERRED STOCK RATED
NEW YORK, May 20 /PRNewswire/ -- Fitch Investors Service, Inc. announced the following rating action for today:
Fitch has assigned its definitive rating of "A-" to the two new issues of preferred stock offered by The Bank of New York, Inc. (BNY) (NYSE: BK).
In connection with its offer to acquire Irving Bank Corporation, BNY had filed an SEC Rule 415 shelf registration covering $285 million of preferred stock. Fitch had assigned a preliminary rating of A(P) to preferred shares sold under this shelf that carry a cumulative dividend ...