Bauer upgrades ratings of BofA, Citizens Bank

PROVIDENCE – Rhode Island’s two largest consumer banks – Bank of America N.A. and Citizens Bank N.A. – improved their financial strength ratings, according to newly released data from bank and credit union ratings firm BauerFinancial Inc. Charlotte, N.C.-based Bank of America and Providence-based Citizens received five-star ratings, Bauer’s highest score. It was an improvement…

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