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BofA isn't in trouble... in December they told the Fed that they wouldn't be able to complete the Merrill purchase without some help. At that point, they weren't told yes or no, but they went ahead with the sale -- instead of waiting until it turned into a Morgan/Bear Stearns deal where the Fed backed the debt in order to make the deal.
More than likely there will be a slight dilution in the stock value to shareholders as the deal is completed, but nothing major, relative to the fair market value price that Morningstar or others put on the stock.
I doubt their 5 star rating goes down either.
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