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Published on 8/14/2012 in the Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

DBRS gives A to Wells Fargo preferreds

DBRS said it assigned a rating of A to Wells Fargo & Co.'s $675 million of non-cumulative perpetual preferred stock with a $75 million over-allotment option.

The ratings are positioned three notches below Wells Fargo's issuer debt rating of A.

The trend is stable.


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