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In both cases, Moody's has rated the senior debt Aaa.
Standard & Poor's reduced the company's senior debt rating to A-.
He already owned 29percentt of the company's senior debt.
The holders of senior debt will be repaid and depositors will not lose their money.
And Moody's lowered its rating on Wells Fargo's senior debt to A2 from A1.
Hybrid debt ranks below senior debt but above equity in a company's capital structure.
Unlike senior debt, the issuer has freedom to suspend coupon payments and defer repayment of principal.
Last week, Moody's downgraded its senior debt and deposit ratings of 30 smaller Spanish banks.
Moody's currently rates Bank of America's senior debt A2, Citigroup's A3 and Wells Fargo's A1.
Moody's lowered its rating on Wells Fargo's senior debt to A2 from A1.
Verizon New England, $300 million of 40 year $25 par senior debt; 12 million of $25 par of senior debt due 2042, Aa2/A+/.
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