DBRS Discontinues Ratings of WFC Capital VII, Capital VIII and Capital IX Trust Preferred Securities

DBRS Inc. (DBRS) has today discontinued the ratings of the Trust Preferred Securities issued by Wells Fargo Capital VII, Wells Fargo Capital VIII and Wells Fargo Capital IX. The Notes were redeemed on February 4, 2013.

Wells Fargo & Company, including its Issuer & Senior Debt rating of AA with Stable trend, is 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 applicable methodologies include the DBRS Criteria – Intrinsic and Support Assessments and DBRS Criteria: Bank and Bank Holding Company Trust Preferred Securities.
These can be found at: http://www.dbrs.com/about/methodologies

[Amended on December 29, 2014 to reflect actual methodologies used.]

The sources of information used for this rating include company documents 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: 1 June 2012

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