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Moody's worried about Heinz's impact on Wells Fargo

The ratings agency is worried that Wells Fargo is diluting the credit strengths of its retail operations

Moody's wonders if Wells Fargo should stick to retail and let the big boys do the M&A lending.

The San Francisco bank scored big by being part of Berkshire Hathaway and 3G Capital's planned purchase of Heinz for $23bn, but Moody's says the bank's decision to provide debt is credit negative.

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