S&P Global Ratings has upgraded Wells Fargo (WFC) long-term issuer credit rating to 'A-' from 'BBB+'. The upgrade reflects significant progress in governance, risk culture, and operational oversight following the termination of its Federal Reserve asset cap. The bank's balance sheet growth has outpaced the sector, with resilient credit performance and strong capital cushions. S&P maintains a stable outlook, expecting continued return improvements while managing risk. 🔗
S&P upgrades Wells Fargo to A- following risk management overhauls
STREETINSIDER.COMSep 29, 9:17 PM UTC
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