REPUBLIC NEW YORK <RNB> AFFIRMED BY MOODY'S
Moody's Investors Service Inc said it
affirmed the ratings on 2.2 billion dlrs of debt of Republic
New York Corp.
    The agency said Republic's 100 mln dlr provision to its
loan loss reserve adjusts the institution's financial statement
to more accurately reflect economic reality.
    Affirmed were Republic's Aa-3 senior debt, A-1 subordinated
debt and preferred stock, Provisional Aa-3 senior debt shelf
and Provisional A-1 subordinated debt shelf. Also affirmed were
lead bank Republic National's Aa-1 long-term deposit
obligations.
 REUTER
