NEW YORK -- Mellon Bank Corp.'s $1.8 billion acquisition of Dreyfus Corp. is playing better among debt analysts than among stock watchers.

Fitch Investors Service said it has upgraded the senior debt of Mellon to A from A-minus, while raising related long-tenn ratings by one notch.

Analysts estimate that noninterest income will grow to 53% versus 47% in 1993 for Mellon alone.

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