The ratings on Wells Fargo&Co. (Wells Fargo) are the highest assigned to a U.S. banking company by Standard&Poor's Ratings Services. The company's primary operating subsidiary, Wells Fargo Bank N.A., is one of only two banks globally with a 'AAA/A-1+' rating. The ratings for Wells Fargo and its banking subsidiaries reflect the company's leading market positions in several of its core regional banking business lines, the consistency of core profitability, and industry-leading capital measures. The strength of the company's capital position distinguishes it from its large bank global peers. Its firm commitment to capital to support growth opportunities and manage risk is a key factor in the credit ratings. Wells Fargo's strong business segment performance in the
