Standard & Poor's Corp. has assigned an A-minus/A-2 rating to Old National Bancorp's proposed $150 million medium-term note program.

At the same time, S&P has affirmed its A/A-1 counterparty and CD ratings on the primary operating subsidiary, Old National Bank of Evansville, Ind., as well as its BBB-plus subordinated debt rating and A-minus long-term counterparty rating on Old National Bancorp., also of Evansville.

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