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Prospect News home > News index > List of issuers G > Headlines for Greater Bay Bancorp, Inc. > News item
Published on 10/10/2007 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P lifts Greater Bay

Standard & Poor's said it raised the ratings on Greater Bay Bancorp and its subsidiaries to AA+/A-1+ from BBB-/A-3. The ratings were removed from CreditWatch positive, where they had been placed May 4.

The outlook is stable.

According to S&P, the upgrade reflects the completion of Wells Fargo & Co.'s acquisition of Greater Bay. The holding company rating on Greater Bay is now aligned with that on Wells' holding company, and the rating on Greater Bay Bank NA is aligned with that on Wells Fargo Bank NA, the agency said.


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