S&P affirms Bank of America

Standard & Poor's said it affirmed its strong rankings on Bank of America NA, which is a wholly owned subsidiary of Bank of America Corp., as a residential mortgage and a residential subordinate-lien mortgage servicer.

The outlook is stable.

Bank of America continues to be a fine performer compared with relevant industry peers, the agency said.

Management should address the elevated call center metrics for the prime mortgage portfolio, however, as this has been a continuing trend in the company's collection area, S&P noted.

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