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Article: USA: MOODY'S REVIEWS FOR DOWNGRADE WELLS FARGO'S RATINGS.

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IPR Strategic Business Information Database
Article date:
March 5, 2009
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Moody's Investors Service placed the long-term ratings of Wells Fargo & Company (senior debt at Aa3) under review for possible downgrade. Moody's also placed the long-term ratings of Wells Fargo's subsidiaries including its lead bank, Wells Fargo Bank N.A. (bank financial strength of B and long-term bank deposits at Aa1) under review for possible downgrade. The Prime-1 rating on all of Wells Fargo's entities was affirmed. Moody's Bank Financial Strength Ratings (BFSR) represents Moody's opinion of a banks intrinsic safety and soundness and, as such, excludes certain external credit risks and credit support elements. These actions had no impact on the ...

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