Bank of America known as by rating will trigger a $6200000000guarantee demand

SAN FRANCISCO, May 4 evening news, Bloomberg News Friday quoted reports of regulatory documents, is to enhance the strength of their balance sheets by buying debt Bank of America said that if their credit evaluation has been lowered, it will trigger about $ 6.2 billion in securedneeds.

Disclosed in regulatory filing late Thursday, the estimates of the Bank of America pointed out that to calculate the company's assets as of March 31, 2012, if the line's long-term senior debt rating was cut to two, may cause the company to its the increase in holdings of financial derivatives contracts and other transactions agreement of approximately $ 5.1 billion in collateral; if the counterparty to terminate the contract under this credit rating was lowered two, Bank of America also needs an additional $ 1.1 billion collateral.

Bank of America's current estimate is based on the warnings issued before the rating agencies Moody's Investors Service. Moody's said before, is to assess the global capital markets business of banking and securities institutions may include a number of banks, including Bank of America downgrade process. Analysts have said the general downgrade will lead to increased borrowing costs, while forcing the banks to increase the collateral scale, so the results of the assessment of the Bank of America is also expected.

Assets ordered America's second largest bank, Bank of America's rating may be downgraded to a to of Baa2; its main rival Morgan Stanley, Moody's said in a report released on February 16, 2012 may be lowered up to three. Moody's assessment at the time that the investment bank credit conditions may be more serious because of the deterioration in government financing, economic uncertainty and higher financing costs and the status of weakened.