Debt Review for Wells Fargo: Moody’s Investors...
From Times Staff and Wire Reports
Debt Review for Wells Fargo: Moody’s Investors Service said it has placed under review for a possible downgrading the debt ratings of Wells Fargo & Co. and its subsidiaries. About $6.6 billion in securities is affected. Moody’s said it will review Wells Fargo’s high concentration of corporate buyout and commercial real estate loans. A spokeswoman for the bank said the potential downgrade is inappropriate and noted that Standard & Poor’s and Fitch Investors Service have reconfirmed their Wells ratings.
