Duff & Phelps Credit Rating Co. has assigned a rating of A- plus to BankAmerica Corp.'s $500 million of floating-rate Eurobonds.

BankAmerica's rating reflects the continued trend of solid core profitability and an improving balance sheet, Duff said. The rating agency said BankAmerica possesses an enviable group of businesses that include a strong consumer and middle-market banking franchise throughout California and the Pacific Northwest, and an expanded commercial banking presence domestically and internationally.

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