Moody's upgrades Wachovia's ratings to Wells Fargo's level - Rating Action - 2009/01/06 - Moody's Global Credit Research

Report title: Moody's upgrades Wachovia's ratings to Wells Fargo's level

from Moody's Global Credit Research
1124 word report published Jan 06, 2009

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Global Credit Research Rating Action 6 JAN 2009 Rating Action: Wachovia Capital Trust XV Moody's upgrades Wachovia's ratings to Wells Fargo's level New York, January 06, 2009 -- Moody's Investors Service upgraded its rating of Wachovia...

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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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