NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned a Derivative Counterparty Rating (DCR) of ‘AA-(dcr)’ to The Bank of New York Mellon Corporation (BK) and Bank of New York Mellon S.A./N.V., as well as a ‘AA(dcr)’ to The Bank of New York Mellon, as part of its roll out of DCRs to significant derivative counterparties in Western Europe and the U.S. DCRs are issuer ratings and express Fitch’s view of banks’ relative vulnerability to default under derivative contracts with third-party, non-gove
