Fitch Takes Various Rating Actions on Enhanced Variable Rate Muni Bonds (7/24/09).
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 -- In connection with the downgrade of the long-term Issuer Default Rating (IDR IDR
In currencies, this is the abbreviation for the Indonesian Rupiah.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) of Wells Fargo Bank, N.A. and Wachovia Bank, N.A., 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 taken various rating actions on the long-term ratings of municipal bonds with enhancement provided by Wells Fargo Bank, N.A. and Wachovia Bank, N.A.
Fitch downgraded the long-term IDR of Wells Fargo Bank, N.A. and Wachovia Bank, N.A. to 'AA-'with a Stable Rating Outlook from 'AA' on Rating Watch Negative on July 22, 2009.
A spreadsheet detailing the rating actions in question is available on the Fitch Ratings web site at 'www.fitchratings.com' under the following headers:
Public Finance >>U.S. Public Finance >> Special Reports.
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