Fitch rates Wells Fargo notes AA, AA-

Fitch Ratings said it assigned its AA and AA- ratings to the new $1.75 billion of Wells Fargo & Co. senior notes and $850 million subordinated notes, respectively.

The outlook is stable.

Fitch said the firm's financial performance has been consistently strong, driven by solid net interest income as well as growing fee revenue, derived primarily from its extensive community banking franchise.

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