(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'
Joseph S. Scott
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
Christopher D. Wolfe
+44 20 4540 1075
Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549,
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Global Financial Institutions Rating Criteria' (Aug. 15,
--'Securities Firms Criteria' (Aug. 15, 2012);
--'Rating FI Subsidiaries and Holding Companies' (Aug. 10,
--'Treatment of Hybrids in Bank Capital Analysis' (July 09,
--'U.S. Banks - Sovereign Support - When Does it End' (Dec. 15,
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS
here. IN ADDITION,
ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS,
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE
AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE
FROM THE 'CODE OF
CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER
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
ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER
ON THE FITCH