Moody’s assigns Wells Fargo Securities Europe A2

Moody’s Investors Service said it assigned a first-time A2 long-term issuer rating to Wells Fargo Securities Europe SA, a Paris-based indirect broker-dealer subsidiary of Wells Fargo & Co.

Wells Fargo established the company to serve European clients who previously had been served by Wells Fargo’s London-based Wells Fargo Securities International Ltd., since the United Kingdom has left the European Union.

WFSE’s outlook is stable, matching the stable outlook on Wells Fargo, Moody’s said.

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