Moody’s has downgraded the ratings of Bank of America’s (BoA’s) holding company to Baa1 from A2 for long-term senior debt, and to Prime-2 from Prime-1 for short-term debt. The long-term deposit ratings of Bank of America N.A. have been downgraded to A2 from Aa3, and the outlook on long-term senior ratings remains negative. The downgrades [...]
