Bank of America Corporation: Rating Report

Ratings

• BAC Canada Finance Company

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  13-Dec-22	Medium-Term Notes (Guaranteed by Bank of America Corporation)	AA (low)	Stb	Upgraded, Trend Change	US
  13-Dec-22	Short-Term Instruments (Guaranteed by Bank of America Corporation)	R-1 (middle)	Stb	Confirmed	US

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• Bank of America Corporation

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  13-Dec-22	Long-Term Issuer Rating	AA (low)	Stb	Upgraded, Trend Change	US
  13-Dec-22	Long-Term Senior Debt	AA (low)	Stb	Upgraded, Trend Change	US
  13-Dec-22	Subordinated Debt	A (high)	Stb	Upgraded, Trend Change	US
  13-Dec-22	Preferred Stock	A (low)	Stb	Upgraded, Trend Change	US
  13-Dec-22	Short-Term Issuer Rating	R-1 (middle)	Stb	Confirmed	US
  13-Dec-22	Short-Term Instruments	R-1 (middle)	Stb	Confirmed	US

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• Bank of America, N.A.

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  13-Dec-22	Long-Term Issuer Rating	AA	Stb	Upgraded, Trend Change	US
  13-Dec-22	Short-Term Issuer Rating	R-1 (high)	Stb	Upgraded, Trend Change	US
  13-Dec-22	Long-Term Deposits	AA	Stb	Upgraded, Trend Change	US
  13-Dec-22	Long-Term Senior Debt	AA	Stb	Upgraded, Trend Change	US
  13-Dec-22	Short-Term Instruments	R-1 (high)	Stb	Upgraded, Trend Change	US
  13-Dec-22	Subordinated Debt	AA (low)	Stb	Upgraded, Trend Change	US

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