|
|
 |
|
Viewing report
|
|
|
|
Bank of America Corp. 'A/A-1' Rating Affirmed, Off CreditWatch; Outlook Stable May 09
Standard & Poors, May 2009
Abstract
-- Our confidence in government support for Bank of America Corp. (BofA), if needed, has been renewed. -- We expect capital-boosting measures to cushion against even higher, unanticipated losses, and credit losses under our stress tests to be manageable. -- We affirmed our counterparty and debt ratings on BofA and removed them from CreditWatch Negative; the outlook is stable. -- The stand-alone credit profile is now three notches below the counterparty rating. NEW YORK (Standard & Poor's) May 8, 2009--Standard & Poor's Ratings Services said today that it affirmed its 'A/A-1' counterparty credit rating on Bank of America Corp. and removed our rating from CreditWatch, where it had been placed May 4, 2009. We also affirmed and removed from CreditWatch...
Companies mentioned in this report are: Bank of America Corp.,Bank of America N.A.
Action: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch
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.
|
|
|
|
