Bank of America

Investor Relations

Credit Ratings

Credit Ratings

Credit Ratings for Bank of America and Selected Legal Entities
as of July 16, 2019

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.

Expand all legal entities
Bank of America Corporation
Rating Moody's Standard & Poor's Fitch
Outlook Stable Stable Stable
Long-term senior A2 A- A+
Short-term P-1 A-2 F1
Subordinated Baa1 BBB+ A
Trust preferred Baa2 BBB- BBB
Preferred stock Baa3 BBB- BBB-
Bank of America, N.A.
Rating Moody's Standard & Poor's Fitch
Outlook Stable Stable Stable
Long-term senior Aa2 A+ AA-
Long-term deposit Aa2 A+ AA
Subordinated Aa3 A- A
Short-term P-1 A-1 F1+
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Rating 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.)
Rating Moody's Standard & Poor's Fitch
Outlook - Stable Stable
Long-term senior - A+ AA- 
Short-term - A-1 F1+
BofA Securities Europe SA
Rating Moody's Standard & Poor's Fitch
Outlook - Stable Stable
Long-term senior - A+ A+
Short-term - A-1 F1
Merrill Lynch International
Rating Moody's Standard & Poor's Fitch
Outlook - Stable Stable
Long-term senior - A+ A+
Short-term - A-1 F1
Bank of America Merrill Lynch International D.A.C. (formerly Merrill Lynch International Bank D.A.C.)
Rating Moody's Standard & Poor's Fitch
Outlook - Stable Stable
Long-term senior - A+ AA-
Short-term - A-1 F1+
BofA Finance LLC
Rating Moody's Standard & Poor's Fitch
Long-term senior (P) A2 (1) - A+ (1)
Short-term - - -
Bank of America California, N.A.
Rating Moody's Standard & Poor's Fitch
Long-term senior - A+ AA-
Short-term - - F1+
BAC Canada Finance Company
Rating Moody's Standard & Poor’s Fitch
Long-term senior (P) A2 (1) A- (1) A+
Short-term - - F1
Merrill Lynch Japan Finance GK
Rating Moody's Standard & Poor's Fitch
Long-term senior (P) A2 (1) A- (1) A+
Short-term (P) P-1 (1) A-2 (1) F1
Merrill Lynch Japan Securities Co., Ltd.
Rating Moody's Standard & Poor's Fitch
Long-term senior - - A+
Short-term - - F1
Merrill Lynch B.V.
Rating Moody's Standard & Poor's Fitch
Long-term senior A2 (2) - A+
Short-term - - -
Merrill Lynch Bank and Trust Company (Cayman) Limited
Rating Moody's Standard & Poor's Fitch
Long-term senior - A- -
Short-term - A-2 -
Merrill Lynch International & Co. C.V.
Rating Moody's Standard & Poor's Fitch
Long-term senior (P) A2 (1) - -
Short-term (P) P-1 (1) - -
Bank of America Mexico, S.A., Institucion de Banca Multiple
Rating 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
Rating 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.
Rating Moody's Standard & Poor's Fitch
Long-term senior - - AAA (bra)
Short-term - - F1+ (bra)
DSP Merrill Lynch Limited
Rating Moody's Standard & Poor's Fitch
Long-term senior - - -
Short-term - A1+ CRISIL -
Merrill Lynch Derivative Products AG
Rating Moody's Standard & Poor's Fitch
Long-term senior Aa3(sf) AA -
Short-term - - -

(1) Rating applies to payment obligations under issuance program. There is no assurance that individual notes issued under the program will be assigned a rating.

(2) 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.

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The financial and other information that may be accessed on this Investor Relations web site speaks only as of the particular dates referenced in the information or the dates the information was originally issued. This information may have since become superseded as a result of later circumstances or events. Bank of America does not undertake any obligation, and disclaims any duty, to update this information. In addition, this information may contain forward-looking statements that are subject to various risks and uncertainties that could cause actual outcomes or results to differ materially from those expressed in or implied by any forward-looking statement. The risks and uncertainties that could affect the company's actual outcomes or results are discussed more fully in our most recent Annual Report on Form 10-K, as well as any updated risks and uncertainties contained in subsequent reports filed with the Securities and Exchange Commission.