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Bank of America Corp.-Related Synthetic Transaction Ratings Raised To ?A+' Feb 07
Standard & Poors, Feb 2007
Abstract
NEW YORK (Standard & Poor's) Feb. 16, 2007--Standard & Poor's Ratings Services today raised its ratings on the $124 million class A money market preferred trust certificates and the $31 million class B leveraged preferred trust certificates issued by Preferred Pass-Through Trust 2006-B to 'A+' from 'A'. Preferred Pass-Through Trust 2006-B is weak-linked to the underlying securities, the $155 million of depositary shares of perpetual floating-rate, noncumulative preferred stock series E issued Nov. 6, 2006, by Bank of America Corp. The upgrade of the Preferred Pass-Through Trust 2006-B notes follows the raising of the ratings on Bank of America Corp. and their removal from CreditWatch positive on Feb. 14, 2007. The Bank of America Corp.-related research update, 'Bank Of America...
Companies mentioned in this report are: Preferred Pass-Through Trust 2006-B,Bank of America Corp.
Action: Upgraded
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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