Fitch Affirms Fleet Capital Trust V at 'BB'

Mon Mar 25, 2013 5:52pm EDT

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(The following statement was released by the rating agency) NEW YORK, March 25 (Fitch) Fitch Ratings has affirmed the ratings of Fleet Capital Trust V at 'BB' based on a press release that affirmed the ratings of the ultimate parent, Bank of America (BAC), on Oct. 10, 2012. Due to a technical reason Fleet Capital Trust V's ratings were left off the original press release. Fitch affirms the following: --Fleet Capital Trust V at 'BB' Contact: Primary Analyst Joseph S. Scott Senior Director +1-212-908-0624 Fitch Ratings, Inc. One State Street Plaza New York, NY 10004 Secondary Analyst Christopher D. Wolfe Managing Director +1-212-908-0771 Committee Chairperson Gordon Scott Managing Director +44 20 4540 1075 Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549, Email: brian.bertsch@fitchratings.com. Additional information is available at 'www.fitchratings.com'. Applicable Criteria and Related Research: --'Global Financial Institutions Rating Criteria' (Aug. 15, 2012); --'Securities Firms Criteria' (Aug. 15, 2012); --'Rating FI Subsidiaries and Holding Companies' (Aug. 10, 2012); --'Treatment of Hybrids in Bank Capital Analysis' (July 09, 2012); --'U.S. Banks - Sovereign Support - When Does it End' (Dec. 15, 2011). ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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