DBRS confirms Wells Fargo

DBRS said it confirmed its ratings for Wells Fargo & Co. and its subsidiaries, including the issuer and senior debt rating of AA and short-term instruments rating of R-1 (middle).

The trend on all ratings remains stable.

DBRS said the action follows a detailed review of the company's operating results, financial fundamentals and future prospects.

The agency said it views Wells Fargo's very strong broadly diversified franchise, its predictable recurring earnings, consistent management and business strategy, strong capital levels and ample liquidity as commensurate with its ratings.

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