Moody's downgrades three hybrid securities of Wells Fargo to B2 from A3 - Rating Action - 2009/04/24 - Moody's Global Credit Research

Report title: Moody's downgrades three hybrid securities of Wells Fargo to B2 from A3

from Moody's Global Credit Research
1654 word report published Apr 24, 2009

Price $150.00 available for immediate download

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Global Credit Research Rating Action 24 APR 2009 Rating Action: Wells Fargo Capital XV Moody's downgrades three hybrid securities of Wells Fargo to B2 from A3 All other Wells Fargo ratings affirmed (senior at A1) New York, April 24,...

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Rating Action

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Wachovia Capital Trust III; Wells Fargo & Company; Wells Fargo Capital XIII; ...

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Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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