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S&P Credit Research1104 word report
published May 08, 2009
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S&P Credit Research
| 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
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| Brief Excerpt: | RESEARCH Ratings Definitions Bank of America Corp. 'A/A-1' Rating Affirmed, Off CreditWatch; Outlook Stable Publication date: 08-May-2009 Primary Credit Analyst: John K Bartko, C.P.A., New York (1) 212-438-7368; john_bartko@standardandpoors.com...
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| Report Type: | Ratings Action
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| Ticker: | BAC
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| Issuer: | Bank of America Corp.
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| GICS: | Other Diversified Financial Services (40201020)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Bulletin: Bank of America Corp. Ratings Unaffected By Announcement Of Second-Quarter 2009 Earnings $100.00
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- Research Update: Bank of America Corp. 'A/A-1' Rating Affirmed, Removed From CreditWatch; Outlook Stable $175.00
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. ...
- Research Update: Bank of America Corp. 'A/A-1' Rating Placed On CreditWatch Negative; Hybrid Securities Ratings Lowered To 'B' From 'BB' $175.00
We believe that Bank of America may need to rebuild its capitalization given our expectation for credit losses. We are placing our ratings on Bank of America on CreditWatch with negative implications. At the same time, we are lowering our rating ...
- Bulletin: Bank of America Corp. Ratings Not Affected By Improved First-Quarter Results $100.00
NEW YORK (Standard&Poor's) April 21, 2009--Standard&Poor's Ratings Services said today that its ratings on Bank of America Corp. (BofA; A/Negative/A-1) would not be affected by the company's announced first-quarter earnings results. BofA's ...
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- Summary: Bank of America Corp. $175.00
Standard&Poor's Ratings Services' ratings on Bank of America Corp. (BofA) are based on its success in creating what we believe is the first true U.S. nationwide banking franchise and in converting this competitive advantage into improved financial ...
