NEW YORK - IBCA, the European rating agency, raised its long-term rating for Fint Bank System Inc. of Minneapolis to A from A-minus.

First Bank's short-term rating was raised to Al from A2. The long-term rating of the company's lead bank was raised to A-Plus from A.

IBCA cited the "steady advance" in First Bank's performance and capital levels in the past two years. The ratings affect about $300 million in long-term debt.

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