NEW YORK - Wachovia Corp.'s debt ratings are being reviewed for a possible downgrading by Moody's Investor Service, which said Friday that it would focus on potentially higher risks at the North Carolina banking company as it "faces limited growth prospects in its core franchise."

Moody's said the review would focus on Wachovia's wholesale banking businesses, including its participation in large syndicated loans and its growing commercial loan portfolio. In the second quarter, the Winston-Salem-based company had to take an additional $200 million provision for loan losses, and it blamed its lower-than-expected profits on a troubled syndicated credit.

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