NEW YORK (Standard&Poor's) Feb. 16, 2006--Standard&Poor's Ratings Services said today that it revised the outlook on its 'AA-/A-1+' counterparty credit ratings on Wells Fargo&Co. to positive from stable. The outlooks on Wells Fargo's subsidiaries were also revised to positive from stable. "The outlook revisions reflect the consistency of strong operating results and the strength of its retail banking franchise that distinguishes Wells Fargo from its large bank peer group," said Standard&Poor's credit analyst Victoria Wagner. Wells Fargo's core funding base continues to carry the lowest cost among its large bank peer group, and its strong market position in several consumer and commercial retail lending businesses generates steady growth of core profitability. The
