NEW YORK -- Standard & Poor's Corp. raised its outlook on the ratings of BankAmerica Corp., Security Pacific Corp., and Rainier Bancorp to positive from stable.

At the same time, the ratings agency affirmed BankAmerica's senior debt at A and the subordinated debt as A-minus. The company's BBB rating on its preferred stocks was also affirmed.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.