Fitch Withdraws Ratings of Banc of America Financial Products.CHICAGO -- Fitch Ratings withdraws the debt ratings of Banc of America Financial Products (BAFP) upon request by the company. BAFP is a bankruptcy-remote stand-alone derivative product company (DPC) wholly owned by 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. BAFP is in wind down and not entering into any new transactions. In some cases, Bank of America NTSA NTSA National Training Systems Association NTSA National Tuberous Sclerosis Association NTSA National Technical Services Association NTSA National Training and Simulation Association NTSA National Traffic Safety Administration is replacing BAFP as counterparty. Ratings withdrawn by Fitch as follows: Banc of America Financial Products -- Long-term 'AAA'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, 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 Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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