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S&P Credit Research748 word report
published Oct 01, 2009
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S&P Credit Research
| Abstract: | 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 and president, has advised the board of directors that he will retire from his position and from serving as a director of the company effective Dec. 31, 2009. We will continue to watch for evidence of a disproportionate disruption to the company's performance as a result of this and other management turnover within the context of our fundamental analysis.
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Bank of America Corp. Rating Unaffected By Retirement Of President And CEO Publication date: 01-Oct-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: | Bulletin
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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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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 ...
