Wells Fargo has $83 billion in home equity exposure

In Moody's affirmation of Wells Fargo's Aaa credit rating the rating agency pointed to the health of Wells Fargo's $83.68 billion home equity portfolio as a key driver in the company's rating. If this portfolio should see degradation then the bank's rating could suffer, said Moody's in a press release. From Moody's press release about Wells Fargo's credit rating: MUMBAI, Apr. 18, 2008 (Thomson Financial delivered by Newstex) — Moody's Investors Service said Wells Fargo & Co. (NYSE:GWF) (NYSE:JWF) (NYSE:WSF) (NYSE:WPF) (NYSE:WFC) has avoided the market pitfalls that plagued its peers but added that key rating drivers still center on the credit performance of its $83.68 billion home-equity portfolio and its capital trends. Currently, Moody's said the credit performance