• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: Bank of America Corp. Dec 09 Product Image

Summary: Bank of America Corp. Dec 09

  • ID: 1791483
  • December 2009
  • Region: America, United States
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services' ratings on Bank of America Corp. (BofA) are a function of our belief that the company is a highly systemically important institution. As such, we believe that additional extraordinary government support would be provided to BofA if, contrary to our expectation, this were needed. This assumption of government support is reflected in a three-notch ratings uplift in our rating ('A' holding company) from BofA's stand alone credit profile (SACP). The fundamental basis for our ratings includes our consideration of BofA's success in creating what we believe is the first true U.S. nationwide banking franchise and in converting this competitive advantage into improved financial performance. A key strength for BofA is its retail bank network and...

Companies mentioned in this report are:
- Bank of America Corp.

Action: Review

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 READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS