Moody's says Wachovia's ratings (snr A1) on review. Outcome dependent on its Citigroup review; Wachovia's preferred stock cut (to Ba3 from A3) - Rating Action - 2008/09/29 - Moody's Global Credit Research

Report title: Moody's says Wachovia's ratings (snr A1) on review. Outcome dependent on its Citigroup review; Wachovia's preferred stock cut (to Ba3 from A3)

from Moody's Global Credit Research
2611 word report published Sep 29, 2008

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Global Credit Research Rating Action 29 SEP 2008 Rating Action: Wachovia Capital Trust XV Moody's says Wachovia's ratings (snr A1) on review. Outcome dependent on its Citigroup review; Wachovia's preferred stock cut (to Ba3 from A3)...

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Central Fidelity Capital Trust I; Congress Financial Capital Company; CoreStates Capital I; ...

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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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