Fitch Assigns 'AA/F1+' Rating to Wells Fargo Extendable Notes.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has assigned an 'AA/ F1+' rating to the $2.5 billion in extendable notes Extendable notes Note with maturity that can be extended by mutual agreement between the issuer and investors. issued by Wells Fargo & Company. These notes, which are senior unsecured obligations, have an initial maturity of July 15, 2005 but are extendable monthly beginning July 15, 2004 at the option of the investor. Wells Fargo & Co. (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 ) has continued to exhibit strong financial results, notwithstanding the anticipated slowdown in the residential mortgage refinancing boom. WFC's retail and community bank franchise throughout the western half of the U.S. has afforded it a strong core funding base and good asset quality. Since autumn of last year, WFC consolidated many of its subsidiary banks into its lead bank, Wells Fargo Bank, NA, which significantly streamlined the corporate structure. Currently, WFC is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of a tender offer for seventeen different series of debt obligations of the company, or its affiliates. Terms of the tender offer cap the amount that WFC would pay to repurchase the debt at $2.5 billion. |
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