Duff & Phelps Credit Rating Co. has given an A-plus rating to First Chicago NBD Corp.'s $150 million subordinated note issue.

The noncallable subordinated notes, due Feb. 15, 2006, were priced to yield 6.161%

The rating reflected the earnings diversification and strong presence of the banking company, which was formed Nov. 30 in the merger of First Chicago Corp. and NBD Bancorp of Detroit.

Separately, Duff & Phelps reaffirmed its ratings on Fleet Financial Group after the Boston bank's merger with Shawmut National Corp.

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