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Bank of America Corp. Outlook Revised To Negative From Stable; Ratings Affirmed Feb 10
Standard & Poors, Feb 2010
Abstract
We believe there is increased uncertainty about the U.S. government's willingness to provide additional extraordinary support to highly systemically important financial institutions in a way that will benefit debt holders. We are revising our outlook on BofA to negative from stable and affirming the ratings. NEW YORK (Standard & Poor's) Feb. 9, 2010--Standard & Poor's Ratings Services revised its outlook on Bank of America Corp. (BofA) to negative from stable. At the same time we affirmed all ratings, including its 'A/A-1' counterparty credit rating and our ratings on all related entities (see list below). 'The outlook revision reflects our increased uncertainty about the U.S. government's willingness to provide additional extraordinary support to highly systemically important financial institutions in a way...
Companies mentioned in this report are: Bank of America Corp.
Action: Outlook: Negative
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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