NEW YORK - NationsBank Corp.'s newly issued $300 million of 7.625% subordinated notes, due April 15, 2005, were rated "A" by Fitch Investors Service Inc.

Fitch said NationsBank had used its capital effectively to broaden revenue sources via a disciplined approach to the pricing of acquisitions.

Equally important, Fitch noted, those acquisitions were aimed not at increasing the company's banking network but at building a diversified financial services company - establishing or expanding businesses in consumer finance, corporate finance, retail brokerage, options market making, and a primary government securities dealer.

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