DBRS Withdraws Ratings on FIA Card Services, N.A.

DBRS, Inc. (DBRS) has today withdrawn the ratings of FIA Card Services, N.A. (FIA); a former wholly-owned subsidiary of Bank of America Corporation. On October 1, 2014, FIA was merged into Bank of America, N.A. which assumed all of FIA’s obligations.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organisations (June 2014). Other applicable methodologies include the DBRS Criteria – Support Assessments for Banks and Banking Organisations (January 2014) and DBRS Criteria: Rating Bank Capital Securities – Subordinated, Hybrid, Preferred & Contingent Capital Securities (December 2013). These can be found at: http://www.dbrs.com/about/methodologies.

The primary sources of information used for this rating include company documents, the Federal Reserve System data repository and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: William Schwartz
Rating Committee Chair: Roger Lister
Initial Rating Date: 16 May 2001
Most Recent Rating Update: 21 August 2014

For additional information on this rating, please refer to the linking document under Related Research.