Changes to Wachovia Hybrid and Preferred Securities Financial Index.CHARLOTTE, N.C. -- Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Company (NYSE NYSE See: New York Stock Exchange :WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council ) announced it is making changes to the Wachovia Hybrid and Preferred Securities Financial Index (the "Index") methodology in response to recent market conditions. In order to be eligible to be included in the Index, preferred securities and similar instruments will no longer be required to be rated "investment grade" by Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , Inc. ("Moody's) or Standard & Poor's Ratings Services ("S&P"). Instead, for such securities to be eligible for the Index, they must be rated at least single "B" or higher by Moody's or S&P. For this purpose, a "single B" rating means "B3" or above by Moody's and "B" or above by S&P. These changes will be made on April 1, 2009 in connection with the monthly rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting of the Index. Based on current ratings, the changes are expected to result in the addition to the Index of two new issuers but no deletions from the Index. Clients or investors with questions may contact Daniel Forth at 704-383-4097. About Wells Fargo Wells Fargo & Company is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 11,000 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. has the highest credit rating currently given to U.S. banks by Moody's, "Aa1," and S&P, "AA+." |
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