Credit Ratings (2024)

Credit Ratings for Bank of America and Selected Legal Entities as of April 16, 2024

Credit ratings and outlooks are opinions subject to ongoing review by the rating agencies and may change from time to time based on Bank of America's financial performance, industry dynamics, and other factors. The below credit ratings are provided for information purposes only. Credit ratings are solely the opinions of the rating agencies. Bank of America Corporation does not endorse, and accepts no responsibility for, the credit ratings issued by the rating agencies.

Bank of America Corporation

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Outlook	Stable	Stable	Stable
Long-term senior	A1	A-	AA-
Short-term	P-1	A-2	F1+
Subordinated	A3	BBB+	A
Junior Subordinated/Trust Preferred	Baa1	BBB-	BBB+
Preferred stock	Baa2	BBB-	BBB+

Bank of America, N.A.

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Outlook	Negative	Stable	Stable
Deposits	Aa1	A+	AA+
Long-term senior	Aa1	A+	AA
Subordinated	Aa2	A-	A+
Short-term	P-1	A-1	F1+

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Outlook	-	Stable	Stable
Long-term senior	-	A+	AA
Short-term	-	A-1	F1+

BofA Securities, Inc. (formerly BofAML Securities, Inc.)

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Outlook	-	Stable	Stable
Long-term senior	-	A+	AA
Short-term	-	A-1	F1+

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	(P) A1 ⁽¹⁾	-	AA- ⁽¹⁾
Short-term	-	-	-

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	-	A+	AA
Short-term	-	-	F1+

BAC Canada Finance Company

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	(P) A1 ⁽¹⁾	A- ⁽¹⁾	AA- ⁽¹⁾
Short-term	-	-	F1+ ⁽¹⁾

Merrill Lynch Japan Finance GK

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	(P) A1 ⁽¹⁾	A- ⁽¹⁾	AA- ⁽¹⁾
Short-term	(P) P-1 ⁽¹⁾	A-2 ⁽¹⁾	F1+ ⁽¹⁾

BofA Securities Japan Co., Ltd. (formerly Merrill Lynch Japan Securities Co., Ltd.)

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	-	-	AA
Short-term	-	-	F1+

Merrill Lynch B.V. (parent-guaranteed issuances)

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	A1 ⁽²⁾	-	AA- ⁽¹⁾
Short-term	-	-	-

Merrill Lynch Bank and Trust Company (Cayman) Limited

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	-	A-	-
Short-term	-	A-2	-

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	(P) A1 ⁽¹⁾	-	-
Short-term	(P) P-1 ⁽¹⁾	-	-

Bank of America Mexico, S.A., Institucion de Banca Multiple

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	-	mxAAA	AAA (mex)
Short-term	-	mxA-1+	F1+ (mex)

Merrill Lynch Mexico, S.A. de C.V., Casa de Bolsa

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	-	mxAAA	AAA (mex)
Short-term	-	mxA-1+	F1+ (mex)

Bank of America Merrill Lynch Banco Múltiplo S.A.

Credit Ratings
Type	Moody's	Standard & Poor's	Fitch
Long-term senior	-	-	AAA (bra)
Short-term	-	-	F1+ (bra)

⁽¹⁾ Rating applies to parent-guaranteed obligations under issuance program rather than the entity itself. There is no assurance that individual notes issued under the program will be assigned a rating.

⁽²⁾ Rating applies to parent-guaranteed obligations under issuance program rather than the entity itself. Moody’s currently reports long-term ratings for certain issuances of Merrill Lynch S.A. (MLSA). MLSA merged into Merrill Lynch B.V. (MLBV) on January 1, 2013 leaving MLBV as the surviving entity. All notes or certificates previously issued by MLSA, including both rated and unrated issuances, are now obligations of MLBV.

Credit Ratings (2024)

Credit Ratings for Bank of America and Selected Legal Entities as of April 16, 2024

References