Investor Relations

Credit Ratings

Credit Ratings for Bank of America and Selected Legal Entities
as of November 2, 2015

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.

Bank of America Corporation
Bank of America, N.A.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch International
Bank of America Merrill Lynch International Limited
BANA Holding Corporation
Bank of America California, N.A.
B of A Issuance B.V.
BAC Canada Finance Company
Merrill Lynch & Co., Canada Ltd.
Merrill Lynch Japan Finance GK
Merrill Lynch Japan Securities Co., Ltd.
Merrill Lynch B.V.
Merrill Lynch Bank and Trust Company (Cayman) Limited
Merrill Lynch International Bank Limited
Bank of America Mexico, S.A., Institucion de Banca Multiple
Merrill Lynch Mexico, S.A. de C.V., Casa de Bolsa
Bank of America Merrill Lynch Banco Múltiplo S.A.
DSP Merrill Lynch Capital Limited
Merrill Lynch Derivative Products AG
(1) The S&P short-term ratings for BAC and BANA are not on CreditWatch.

(2) The current S&P outlook for trust preferred securities and preferred stock of Bank of America Corporation is stable.

(3) The current S&P outlook for subordinated debt of Bank of America, N.A. is watch developing.