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Fitch lowers Bank of America view to negative
Fitch Ratings said it affirmed Bank of America Corp.'s long-term issuer default rating at A and revised its outlook to negative from stable.
The ratings affirmed include Bank of America's long-term issuer default rating at A, long-term senior debt at A, long-term subordinated debt at BBB+, long-term market-linked securities at A emr, short-term issuer default rating at F1, short-term debt at F1, viability rating at A- and preferred stock at BB.
Fitch also affirmed Bank of America NA's long-term issuer default rating at A, long-term senior debt at A, long-term subordinated debt at BBB+, short-term issuer default rating at F1, short-term debt at F1, short-term deposits at F1 and viability rating at A-.
The outlook revision reflects the expected decline in support that the bank would receive support from the U.S. government if ever required, the agency said.
The actions have been taken in conjunction with a review of support for banks globally and also as part of a periodic review, Fitch said.
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