Moody's: Oppenheimer view to stable

Moody's Investors Service said it changed to stable from negative the outlook on Oppenheimer Holdings, Inc. and EA Viner International Co., its U.S. subsidiary.

The outlook revision reflects the improvement in Oppenheimer's financial performance during the last 16 months and the settlements reached with Massachusetts and New York regulators pertaining to auction-rate securities, Moody's said.

Both factors improve Oppenheimer's financial flexibility while the ARS settlements, in particular, reduce the extreme risks the company was facing from potential regulatory sanctions.

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