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Fitch rates Bank of New York Mellon notes AAA
Fitch Ratings said it assigned an AAA rating to the senior debt due June 2012 issued by Bank of New York Mellon Corp. under the Federal Deposit Insurance Co.'s Temporary Liquidity Guarantee Program.
Proceeds will be used for general corporate purposes.
Obligations under the program bear the full faith and credit of the U.S. Government. The agency noted that outstanding debt issued by Bank of New York Mellon and its affiliates, or debt issued outside the program, will continue to bear the relevant ratings currently assigned by Fitch.
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