Fitch Assigns 'AA-/F1+' Ratings to Banc of America Securities Ltd.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has assigned 'AA-/F1+' senior debt and short-term ratings to Banc of America Securities Limited (BASL BASL Banc of America Securities Limited BASL Bay Area Soccer League ), a UK based broker-dealer. BASL is a direct, wholly-owned subsidiary of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , N.A. (BANA). Ratings for Banc of America Securities Limited mirror those of its parent, who is also BASL's largest creditor and trading counterparty. Fitch believes that parental support would be provided in the event of an adverse market situation or other circumstance that would significantly impair BASL's financial condition. Funding, capital and liquidity policies at BASL are based on traditional broker-dealer structures. BASL's capital and liquidity positions are considered sound. Risk measurement and monitoring are consistent with those of the consolidated firm. Banc of America Securities Limited -- Senior debt 'AA-'; -- Short-term debt 'F1+'; -- Rating Outlook Stable. |
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