WFC · News · 20260929N
Regulatory Approval Milestones
WELLS FARGO & COMPANY/MN · 2026-09-29 · Importance 47 · Surprise 60 · In source text
S&P Global Ratings upgraded Wells Fargo’s long-term issuer credit rating to A- from BBB+. The upgrade followed improvements in governance, risk culture, and operational oversight, as well as termination of the Federal Reserve asset cap. S&P expects balance-sheet growth to moderate despite the cap removal and maintained a stable outlook.
Key facts
- The upgrade follows the termination of Wells Fargo's Federal Reserve asset cap. source
- S&P Global Ratings upgraded Wells Fargo & Company's long-term issuer credit rating to 'A-' from 'BBB+'. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | — | The upgrade follows the termination of Wells Fargo's Federal Reserve asset cap. |
| revenue | positive | probable | — | The upgrade follows the termination of Wells Fargo's Federal Reserve asset cap. |