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Bulletin: Bank of America Corp. Rating Unaffected By Retirement Of President And CEO Oct 09
Standard & Poors, Oct 2009
Abstract
NEW YORK (Standard & Poor's) Oct. 1, 2009--Standard & Poor's Ratings Services said today that its ratings on Bank of America Corp. (A/Stable/A-1) and its subsidiaries are not affected by the company's announcement that Kenneth D. Lewis, its CEO and president, has advised the board of directors that he will retire from his position and from serving as a director of the company effective Dec. 31, 2009. We will continue to watch for evidence of a disproportionate disruption to the company's performance as a result of this and other management turnover within the context of our fundamental analysis....
Companies mentioned in this report are: Bank of America Corp.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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