DBRS Discontinues Rtgs of Wells Fargo Capital XIII and Wells Fargo Capital XIV Trust Pfd Securities

DBRS Inc. (DBRS) has today discontinued the ratings of the Trust Preferred Securities issued by Wells Fargo Capital XIII and Wells Fargo Capital XIV, an affiliate of Wells Fargo & Company. The Notes were redeemed on October 3, 2011.

Wells Fargo & Company’s ratings, including its Issuer & Senior Debt rating of AA and Wells Fargo Bank N.A.’s Deposits & Senior Debt rating of AA (high), all with Stable trends, are unaffected by today’s action.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organizations. Other methodologies used include the Enhanced Methodology for Bank Ratings – Intrinsic and Support Assessments. Both can be found on the DBRS website under Methodologies.

The sources of information used for this rating include the company documents, the Federal Reserve, the Federal Deposit Insurance Corporation and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

Lead Analyst: William Schwartz
Approver: Alan G. Reid
Initial Rating Date: 10 December 1999
Most Recent Rating Update: 29 March 2011

For additional information on this rating, please refer to the linking document under Related Research.