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Investor Relations
Bank of America and Merrill Lynch have merged. This site contains historical information about Merrill Lynch. For new information about the combined company, please refer to the Bank of America website at www.bankofamerica.com. |
Credit RatingsCredit Ratings for Merrill Lynch & Co., Inc. and Selected Legal EntitiesFollowing the closing of the acquisition of Merrill Lynch by Bank of America Corporation on January 1, 2009, Moody's Investors Service, Standard & Poor's Ratings Services, Fitch Ratings, and Dominion Bond Rating Service Ltd. upgraded ML&Co. and its subsidiaries. The major credit rating agencies have indicated that the primary drivers of Merrill Lynch's credit ratings are Bank of America's credit ratings. The rating agencies have also noted that Bank of America's credit ratings currently reflect significant support from the U.S. government. In addition to Bank of America's credit ratings, other factors that influence our credit ratings include rating agencies' assessment of the general operating environment, our relative positions in the markets in which we compete, our reputation, our liquidity position, the level and volatility of our earnings, our corporate governance and risk management policies, and our capital management practices. The following table sets forth ML&Co.'s unsecured credit ratings as of May 19, 2009. The ratings of Bank of America Corporation and its affiliates can be accessed by clicking here.
Notes * Merrill Lynch International Bank Limited ("MLIB") transferred its banking business and other operations to Merrill Lynch Capital Markets Bank Limited ("MLCMB") on September 30, 2006. Following the transfer of business, MLIB has ceased to engage in any regulated activity and has changed its name to MLIB (historic) Limited and MLCMB has changed its name to Merrill Lynch International Bank Limited. |
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References to "Merrill Lynch" are references to any company in the Merrill Lynch & Co., Inc. group of companies, which are wholly-owned by Bank of America Corporation.