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They are rated in descending alphabetic order from A to D. Standard & Poors: AAA, AA+, AA, AA, A+, A, A, BBB+, BBB, BBB, BB+, BB, BB, B+, B, B, CCC+, CCC, CCC, D, Moodys: Aaa, Aa1, Aa2, Aa3, A1, A2, A3, Baa1, Baa2, Baa3, Ba1, Ba2, Ba3, B1, B2, B3, Caa1, Caa2, Caa3, Ca, C, Fitch: AAA, AA+, AA, AA, A+, A, A, BBB+, BBB, BBB, BB+, BB, BB, B+, B, B, CCC, DDD, DD, D. A credit rating is not a recommendation to purchase a particular bond. at "AA-" (LT Int.

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The information and opinions found on this website have not been verified by our Firm, nor do we make any representations as to its accuracy and completeness. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

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Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.A note about Social Media: Opinions, comments and actions taken on Social Media are those of the third party and do not necessarily reflect the views of the creator of this profile or of the firm. The information in this newsletter is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties.

Products and services listed may not be available, or may have restrictions, depending on client country of residence.Investment products and services are offered through Wells Fargo Advisors. 0000005826 00000 n The information in this newsletter is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. The firm describes single-A ratings as "upper-medium grade and are subject to low credit risk. If you have an ad-blocker enabled you may be blocked from proceeding.

159-31. FINRAs BrokerCheck Obtain more information about our firm and its financial professionals, FINRAs BrokerCheck Obtain more information about our firm and its financial professionalsX.

Securities-related services may not be provided to individuals residing in any state not listed above.

0000001814 00000 n outbreak.

0000144345 00000 n 0000048340 00000 n S&P cut WFC's credit rating to BBB+ from A-, Moody's Senior Vice President Allen Tischler says the outlook change reflects "slower than anticipated pace in resolving its legacy governance, oversight, compliance and operational risk management deficiencies. 0000048928 00000 n Scale (foreign curr.)

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The investment policy of the City is guided in large part by North Carolina General Statute (NC G. S.) 159-30, whereby investments in certificates of deposit, repurchase agreements, secured time deposits, bankers' acceptances, commercial paper, United States government and agency securities and the North Carolina Capital Management Trust are made.

2022 Wells Fargo Clearing Services, LLC. 0000006820 00000 n 0000143622 00000 n

", Views favorably WFC's "capital preservation initiatives, including its announced common dividend reduction of roughly 80% and the curtailment of share buybacks.

The principal value of bonds fluctuates with changes in market conditions. 243 0 obj <>stream startxref 0000038007 00000 n

Is this happening to you frequently? This material was written and prepared by Broadridge Advisor Solutions.

You are encouraged to seek guidance from an independent tax or legal professional. %+6rop]7-#^a@@5,BBBFu*D'VAex,R0.b;AC- g. For parties residing outside of the U.S., this information is: (i) provided for informational purposes only, (ii) not and should not be construed in any manner as an offer to participate in any investment or to buy or sell any securities or related financial instruments, and (iii) not and should not be construed in any manner as a public offering of any financial services, securities or related financial instruments. to stable and affirmed at "AA-" (LT Int.

In essence, the higher the rating, the more likely it is that a bondholder will receive his or her principal again when the bond matures.

0000144094 00000 n 0000143899 00000 n 0000002148 00000 n <]/Prev 529095/XRefStm 1814>> 0000048850 00000 n

To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. All rights reserved. The content is derived from sources believed to be accurate.

We recommend that you review this third-partys policies and terms and conditions to fully understand what information may be collected and maintained as a result of your visit to this website. 0000004633 00000 n

Scale (foreign curr.)) Bonds with higher ratings typically have a lower yield. If sold prior to maturity, a bond may be worth more or less than its original value.

Bond ratings gauge a bond issuers financial ability to repay its promised principal and interest payments. 0000038988 00000 n 0000037125 00000 n Ratings are based on an analysis of the issuers financial condition and creditworthiness. Social Media is intended for U.S. residents only and subject to the following terms: wellsfargoadvisors.com/social.

0000177022 00000 n Bonds with lower ratings generally offer higher yields, but the risk that the issuer will default is greater. %PDF-1.4 % 0000143106 00000 n The deposits of the City are governed by NC G.S.

0000005408 00000 n xref PLEASE NOTE: By clicking on this link, you will leave the Wells Fargo Advisors Web site and enter a privately owned web site created, operated and maintained by a third-party, which is not affiliated with Wells Fargo Advisors or its companies. 0000038704 00000 n In addition to credit risks, bonds are subject to interest rate and inflation risks, and they have different maturities. credit rating); outlook negative, Fitch Affirms Wells Fargo & Co. at 'A+'/'F1'; Outlook Remains Negative on Remediation Headwinds, Moody's Investors Service affirms Wells Fargo Bank, N.A. 0000048734 00000 n Credit rating agencies assess the risks of certain bonds, issuing grades that reflect the issuers ability to meet the promised principal and interest payments.

to stable and affirmed at "Aa2" (LT- foreign currency) credit rating, Fitch Ratings affirms Wells Fargo Bank, N.A.

credit rating, Moody's Investors Service revised outlook on Wells Fargo Bank, N.A. 202 42

This material was written and prepared by Broadridge Advisor Solutions. at "Aa1" (LT- local currency credit rating); outlook negative. 0000038257 00000 n You should carefully weigh the risks of investing in these bonds. 0000000016 00000 n 2022 Broadridge Financial Solutions, Inc. Not Insured by the FDIC or Any Federal Government Agency, Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate, Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested. 202 0 obj <> endobj 0000038910 00000 n hb``c``0AX8hahsv``0 bG\u.C>a9nUgqMe7KT$vjd|xYm%uNEaIFLsGMNtL:WNEM@LG6^>gm2KLY!"Bf.. 0000004583 00000 n 0000143509 00000 n Please disable your ad-blocker and refresh. This information is intended for use only by residents of (AK, AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, KS, MA, MI, MN, MO, MT, NH, NM, NV, NY, OK, OR, TX, UT, VA, WA, WY).

0000001986 00000 n Your account has been deleted, thanks for being with us, This functionality is available for registred users only, Investment Bank & Legal Advisor League Tables, Fitch Ratings revised outlook on Wells Fargo Bank, N.A. 09/28/2021 12:04 pm, Moody's Update Raleigh Water October 2019, Fitch Raleigh Water Series 2019 Press Release, Wells Fargo Economic Commentary on Raleigh, Moody's Analytics Report for Raleigh Metro Area.

The following are the rating scales for each agency, ranging from the highest quality to the lowest (and possibly default).

", A2 is Moody's sixth-highest rating grade, still firmly in investment-grade territory. The content is derived from sources believed to be accurate. 0000048668 00000 n Thank you for printing this page from the City of Raleigh's Official Website (www.raleighnc.gov) 0000038875 00000 n

By linking to this Web site, Wells Fargo Advisors is not endorsing this third-partys products and services, or its privacy and security policies, which may differ from Wells Fargo Advisors.

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Please. 2022 Broadridge Financial Solutions, Inc. The best-known independent rating services are Standard & Poors, Moodys Investors Service, and Fitch Ratings. You are encouraged to seek guidance from an independent tax or legal professional. ".

0000006006 00000 n ", Tischler notes that "the slow pace weighs on its [Wells Fargo's]expense base, further undermining its earnings potential against the backdrop of challenging operating conditions resulting from the coronavirus pandemic."