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KBRA affirms Wells Fargo Bank

Kroll Bond Rating Agency has affirmed the AA- deposit and senior unsecured debt ratings and K1+ short-term deposit and debt ratings of Wells Fargo Bank NA with a stable outlook on all long-term ratings.

The ratings are supported by the company's comparatively strong and stable risk-adjusted earnings, diversified revenue streams and ample liquidity generated from the bank's top-level core deposit base, KBRA noted.