BANK OF NEW YORK <BK> DEBT AFFIRMED BY MOODY'S
Moody's Investors Service Inc said it
affirmed 1.2 billion dlrs of debt of The Bank of New York Co
Inc and units.
    Affirmed were the parent's A-1 senior notes and preferred
stock, A-2 subordinated capital notes and prime-1 commercial
paper. Also affirmed were The Bank of New York's Aa-2 long-term
deposits and prime-1 short-term obligations.
    Moody's cited the firm's announced 135 mln dlr addition to
the loan loss reserve as a reflection of exposure to borrowers
in less-developed countries. The addition adjusts the firm's
financial statements to reflect economic reality, it said.
 Reuter
