Fitch boosts LaSalle Bank

Fitch Ratings said it upgraded and removed from rating watch positive the issuer default rating and debt ratings of LaSalle Bank Corp. and its affiliates.

The agency said that this action follows the completion of LaSalle's acquisition by Bank of America Corp.

The long-term issuer default ratings and individual ratings of LaSalle Bank and its bank subsidiaries are now aligned with those of Bank of America, Fitch said, noting that it currently rates LaSalle Bank as follows: long-term issuer default rating at AA, short-term issuer default rating at F1+ and individual at A/B.

The outlook is stable.

Fitch added that support ratings of LaSalle Bank's bank subsidiaries are aligned at 1 with those of Bank of America's bank subsidiaries.

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