February 7, 2018 / 5:09 PM / 2 months ago

BRIEF-S&P Downgrades Wells Fargo To 'A-/A-2' From 'A/A-1'

Feb 7 (Reuters) - S&P:

* SAYS WELLS FARGO DOWNGRADED TO ‘A-/A-2’ FROM ‘A/A-1’ ON PROLONGED REGULATORY AND GOVERNANCE ISSUES; OUTLOOK IS STABLE

* SAYS STABLE OUTLOOK ASSUMES WELLS FARGO WILL MEET REGULATORY CONSENT ORDER REQUIREMENTS, MAINTAIN SOLID MARKET SHARES IN MAJOR BUSINESSES Source text - (bit.ly/2EbGhug) Further company coverage:

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