Moody’s might lift Bank of America

Moody's Investors Service said it put all of the long-term ratings and counterparty risk assessments of Bank of America Corp. and its subsidiaries, including its principal bank subsidiary, Bank of America NA, on review for upgrade.

The agency also affirmed all Bank of America entities' short-term ratings.

Moody’s said the review was driven by the recent improvements to Bank of America’s profitability and management's commitment to a conservative risk profile, both of which provide additional support for the agency’s expectation that the bank's profitability will be sustained at higher and less volatile levels going forward.

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