22.09.2011 - 08:37 [ Moodys ]

Moody‘s downgrades Bank of America Corp. to Baa1/P-2; Bank of America N.A. to A2, P-1 affirmed

Moody‘s believes that the government is likely to continue to provide some level of support to systemically important financial institutions. However, it is also more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled, as the risks of contagion become less acute.