Fitch Affirms Bank of America’s Long-Term IDR at ‘A’; Outlook Stable

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed Bank of America’s (BAC’s) Long-Term and Short-Term Issuer Default Ratings (IDR) at ‘A’/’F1’, respectively. The Rating Outlook is Stable. The rating affirmations have been taken in conjunction with Fitch’s periodic review of the Global Trading and Universal Banks (GTUBs). KEY RATING DRIVERS IDRs, VR, SENIOR DEBT, AND DERIVATIVE COUNTERPARTY RATING Fitch’s affirmation of BAC’s ratings with a Stable Outlook are reflective of the company’s slowly