State Street Corp. (STT) currently has no exposure to peripheral European countries' sovereign debt in its investment portfolio, the firm said Wednesday.

U.S. financial institutions have been keeping their distance from debt-laden European countries like Greece in recent months, as the euro-zone sovereign debt crisis escalated and the region's policymakers struggled to reach a definitive solution.

State Street's investment portfolio has no exposure to government debt of Greece, Portugal, Ireland, Spain or Italy, the firm said in its fourth-quarter earnings conference call Wednesday.

The portfolio also doesn't hold government debt of triple-A rated Germany, or of France or Belgium.

-By Erin McCarthy, Dow Jones Newswires; 212-416-2712; erin.mccarthy@dowjones.com @djfxtrader

--Prabha Natarajan and Ian Talley contributed to this article.

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