Bulletin: Allspring?s Creditworthiness In Line With Expectations Following Close Of Wells Fargo Asset Management Acquisition - S&P Global Ratings’ Credit Research

Bulletin: Allspring?s Creditworthiness In Line With Expectations Following Close Of Wells Fargo Asset Management Acquisition

Bulletin: Allspring?s Creditworthiness In Line With Expectations Following Close Of Wells Fargo Asset Management Acquisition - S&P Global Ratings’ Credit Research
Bulletin: Allspring?s Creditworthiness In Line With Expectations Following Close Of Wells Fargo Asset Management Acquisition
Published Nov 04, 2021
2 pages (1067 words) — Published Nov 04, 2021
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Nov. 4, 2021--S&P Global Ratings today said that its assessments of the business and financial profiles and overall creditworthiness of Allspring Buyer LLC (BB-/Stable/--) have not materially changed following the recent close of the company's acquisition of Wells Fargo Asset Management (WFAM). Financial sponsors GTCR LLC and Reverence Capital Partners L.P. formed Allspring--previously known as Zebra Buyer LLC--to purchase WFAM from Wells Fargo&Co. in a deal announced earlier this year. The company used a $1.1 billion term loan B to help finance the acquisition. With the closing, WFAM has begun doing business as Allspring Global Investments, a subsidiary of Allspring. Overall, our ratings on Allspring reflect its long record in the asset management

  
Report Type:

Bulletin

Issuer
Allspring Buyer LLC
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Allspring?s Creditworthiness In Line With Expectations Following Close Of Wells Fargo Asset Management Acquisition" Nov 04, 2021. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Allspring-s-Creditworthiness-In-Line-With-Expectations-Following-Close-Of-Wells-Fargo-Asset-Management-Acquisition-2750344>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Allspring?s Creditworthiness In Line With Expectations Following Close Of Wells Fargo Asset Management Acquisition Nov 04, 2021. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Allspring-s-Creditworthiness-In-Line-With-Expectations-Following-Close-Of-Wells-Fargo-Asset-Management-Acquisition-2750344>
  
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