Credit Ratings for Bank of America and Selected Legal Entities as of July 13, 2021

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.

Credit Ratings
Type Moody's Standard & Poor's Fitch
Outlook Stable Positive Stable
Long-term senior A2 A- AA-
Short-term P-1 A-2 F1+
Subordinated Baa1 BBB+ A
Trust preferred Baa2 BBB- BBB+
Preferred stock Baa3 BBB- BBB+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Outlook Stable Positive Stable
Deposits Aa2 A+ AA+
Long-term senior Aa2 A+ AA
Subordinated Aa3 A- A+
Short-term P-1 A-1 F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Outlook - Positive Stable
Long-term senior - A+ AA
Short-term - A-1 F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Outlook - Positive Stable
Long-term senior - A+ AA
Short-term - A-1 F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Outlook - Positive Stable
Long-term senior - A+ AA
Short-term - A-1 F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Outlook - Positive Stable
Long-term senior - A+ AA
Short-term - A-1 F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Outlook - Positive Stable
Long-term senior - A+ AA
Short-term - A-1 F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior (P) A2 (1) - AA- (1)
Short-term - - -
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior - A+ AA
Short-term - - F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior (P) A2 (1) A- (1) AA-
Short-term - - F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior (P) A2 (1) A- (1) AA-
Short-term (P) P-1 (1) A-2 (1) F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior - - AA
Short-term - - F1+
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior A2 (2) - AA-
Short-term - - -
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) A2 (1) - -
Short-term (P) P-1 (1) - -
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior - mxAAA AAA (mex)
Short-term - mxA-1+ F1+ (mex)
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior - mxAAA AAA (mex)
Short-term - mxA-1+ F1+ (mex)
Credit Ratings
Type Moody's Standard & Poor's Fitch
Long-term senior - - AAA (bra)
Short-term - - F1+ (bra)
Credit Ratings
Type 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.