Bank of America, Wells Fargo Ratings Cut by Moodyâs (Update1) Share | Email | Print | A A A By Linda Shen and Ari Levy March 25 (Bloomberg) -- Bank of America Corp. and Wells Fargo & Co., the biggest U.S. home lenders, were downgraded by Moodyâs Investors Service on concern that theyâll need another round of government aid. The senior-debt rating for Charlotte, North Carolina-based Bank of America was reduced to A2 from A1, according to a statement today by Moodyâs. San Francisco-based Wells Fargo had its senior-debt rating cut to A1 from Aa3. Bank of America, which reported its first loss in 17 years in the three months ended Dec. 31, has accepted capital and guarantees from the Treasury valued at $163 billion, including aid to its units. Wells Fargo, which had its first loss since 2001 in the fourth quarter, received a $25 billion investment from the U.S. Treasury in October and sold $12.6 billion in stock to the public the following month. âUnder Pressureâ âWells Fargoâs capital ratios could come under pressure in the short-term, increasing the probability that systemic support will be needed,â Moodyâs said. Bank of America âremains vulnerable to further declinesâ in its ratio of tangible common equity to assets as borrowers default,â Moodyâs said. Chief Executive Officer Kenneth Lewis has said the bank will get through the credit crunch without more help from taxpayers. WHEN THE TRUTH COMES OUT THAT THEY LIED WE ARE HEADED FOR 4,000 POINTS