CITIZENS FIDELITY <CFDY> PAPER UPGRADED BY S/P
Standard and Poor's Corp said it
raised to A-1-plus from A-1 the commercial paper of Citizens
Fidelity Corp and its unit Citizens Fidelity Bank and Trust.
    S and P cited the completion of the firm's merger with PNC
Financial Corp <PNCF>, saying PNC has shown solid earnings,
excellent liquidity and a conservative capital position.
    The rating agency also upgraded long-term debt supported by
letters of credit of lead bank Citizens Fidelity Bank to
AA-plus from A. The bank's certificates of deposit were upped
to AA-plus and A-1-plus from A and A-1 respectively.
 Reuter
