Thomson BankWatch raised its ratings on the short-term debt of Hibernia Corp. and its bank subsidiary to TBW-1 from TBW-2.

The upgrading reflected the bank's solid profitability, healthy asset quality, and sustained levels of reserves and capital, the agency said.

Thomson, an affiliate of American Banker, attributed the robust earnings growth in 1995 to solid increases in net interest and noninterest income, a low tax rate, the lack of a loan-loss provision, and a significant decline in operating expenses

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.