NEW YORK--(BUSINESS WIRE)--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'
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).
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