ESG-Themed Issuances
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Bank of America Announces Benchmark Replacement Rate for Certain LIBOR Securities
Bank of America Announces Expectations for Outstanding USD LIBOR CMS Instruments
Fixed Income Investor Materials
The fixed income investor materials below are intended to assist current and potential creditors and counterparties in analyzing Bank of America Corporation. They include the most recent quarterly earnings presentation, as well as additional information on the firm’s strategy, franchise, lines of business, funding footprint, recent debt issuances, organizational structure and credit ratings. The materials are updated each quarter upon the release of the firm’s results.
September 15, 2023 Fixed Income Investor Materials
Summary of Bank of America Credit Ratings
As of July 17, 2023
Bank of America Corporation
| Financial Obligation | 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.
| Financial Obligation | Moody's | Standard & Poor's | Fitch |
|---|---|---|---|
| Outlook | Stable | Stable | Stable |
| Deposits | Aa1 | A+ | AA+ |
| Long-term senior | Aa1 | A+ | AA |
| Subordinated | Aa2 | A- | A+ |
| Short-term | P-1 | A-1 | F1+ |
BofA Securities, Inc. | Merrill Lynch, Pierce, Fenner & Smith Incorporated
| Financial Obligation | Moody's | Standard & Poor's | Fitch |
|---|---|---|---|
| Outlook | - | Stable | Stable |
| Long-term senior | - | A+ | AA |
| Short-term | - | A-1 | F1+ |
Merrill Lynch International | BofA Securities Europe SA
| Financial Obligation | Moody's | Standard & Poor's | Fitch |
|---|---|---|---|
| Outlook | - | Stable | Stable |
| Long-term senior | - | A+ | AA |
| Short-term | - | A-1 | F1+ |
For a pdf version of the Credit Ratings Summary, please click here.
For Bank of America Corporation's subsidiary credit ratings, please see the Credit Ratings page.
Resolution Related Considerations
Below are important financial considerations for unsecured debt holders of Bank of America Corporation:
Bank of America Corporation is required to maintain minimum amounts of eligible long-term debt for the purpose of absorbing losses in a resolution proceeding under either the U.S. Bankruptcy Code or Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Financial Reform Act"). Under Bank of America Corporation's single point of entry resolution strategy, and the single point of entry recapitalization strategy preferred by the Federal Deposit Insurance Corporation under Title II of the Financial Reform Act, the value that would be distributed to holders of Bank of America Corporation's unsecured debt may not be sufficient to repay all or part of the principal amount and interest on such debt, and holders of such debt could receive no consideration at all under these resolution scenarios. Either of these resolution strategies could result in Bank of America Corporation unsecured debt holders being in a worse position and suffering greater losses than would have been the case under a different resolution strategy. The information contained on this Fixed Income Investor Relations web site is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy.
2017 Debt Exchange
The document below is Form 8937 for the BAC senior debt exchange which settled on 12/20/17.
January 29, 2018Form 8937 – Debt Exchange
Bank of America’s Notice of Redemption and Cancellation of Listing for a Series of EUR Notes
April 5, 2023 Bank of America to redeem a series of EUR notes issued in 2018 under its EMTN Program
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