FLEET FINANCIAL <FLT> MAY BE UPGRADED BY MOODY'S
Moody's Investors Service Inc said it
may upgrade Fleet Financial Group's 1.1 billion dlrs of debt.
    Moody's cited Fleet's announced merger with Norstar Bancorp
Inc <NOR>. The rating agency said it will examine the degree to
which the combined entity would have a more diversified
earnings stream, balanced funding structure and enhanced equity
base.
    Fleet Financial has A-1 senior debt and preferred stock,
A-2 subordinated debt and Provisional A-1 shelf registered
securities. Moody's said Norstar's ratings have been under
review for possible downgrade since February 23.
 Reuter
