from
S&P Credit Research897 word report
published Mar 03, 2009
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) March 3, 2009--Standard&Poor's Ratings Services said today that it lowered its long-term counterparty credit rating on Bank of America Corp. (BofA) to 'A' from 'A+'. Standard&Poor's also said that it affirmed its 'A-1' short-term ratings on BofA. In addition, Standard&Poor's lowered its ratings on BofA's bank subsidiaries to 'A+/A-1' from 'AA-/A-1+'. Standard&Poor's also lowered BofA's hybrid rating to 'BB-' from 'BBB' and the hybrid ratings on the bank subsidiaries to 'BB' from 'BBB+' and affirmed its 'AAA' rating on the FDIC-guaranteed debt of BofA and its subsidiaries. The outlook on BofA and its bank subsidiaries remains negative. "We downgraded BofA one notch because we believe that the
|
| Brief Excerpt: | RESEARCH Ratings Definitions Bank of America Corp. Rating Lowered One Notch To 'A'; Outlook Remains Negative Publication date: 03-Mar-2009 Primary Credit Analyst: John K Bartko, C.P.A., New York (1) 212-438-7368; john_bartko@standardandpoors.com...
|
| Report Type: | Ratings Action
|
| Ticker: | BAC
|
| Issuer: | Bank of America Corp.
|
| GICS: | Other Diversified Financial Services (40201020)
|
| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance
|
| Country: | United States
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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.
Also from S&P Credit Research
- Bulletin: Bank of America Corp. Rating Unaffected By Third-Quarter Loss $100.00
NEW YORK (Standard&Poor's) Oct. 16, 2009--Standard&Poor's Ratings Services said today that its rating on Bank of America Corp. (BAC; A/Stable/A-1, holding company) is not affected by the company's just-announced third-quarter loss. BAC reported ...
- Bulletin: Bank of America Corp. Rating Unaffected By Retirement Of President And CEO $100.00
NEW YORK (Standard&Poor's) Oct. 1, 2009--Standard&Poor's Ratings Services said today that its ratings on Bank of America Corp. (A/Stable/A-1) and its subsidiaries are not affected by the company's announcement that Kenneth D. Lewis, its CEO ...
- Bulletin: Bank of America Corp. Ratings Unaffected By Announcement Of Second-Quarter 2009 Earnings $100.00
NEW YORK (Standard&Poor's) July 17, 2009--Standard&Poor's Ratings Services said today that its ratings on Bank of America Corp. (BofA; A/Stable/A-1, holding company) are not affected by the company's just-announced second-quarter 2009 earnings. ...
- Bank of America Corp. 'A/A-1' Rating Affirmed, Off CreditWatch; Outlook Stable $100.00
-- 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 ...
- 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 ...
- Bank of America Corp. $400.00
One-of-a-kind national banking franchise providing highly leverageable distribution platform A good mix of banking and nonbanking businesses Strong parent-company liquidity Integration risk with acquisitions of Countrywide Financial Corp. and ...
