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Prospect News home > News index > List of issuers E > Headlines for E*Trade Financial Corp. > News item |
Moody's lifts E*Trade
Moody's Investors Service said it upgraded the senior unsecured rating of E*Trade Financial to Ba2 from B1 and long-term deposit rating of E*Trade's thrift subsidiary, E*Trade Bank, to Baa3 from Ba2.
The outlook remains positive.
Moody's noted the improved profitability and more diversified revenue mix of the firm as well as the reduction in the firm's earnings volatility over the past several years.
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