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S&P rates Raymond James notes BBB+
S&P said it assigned its BBB+ issue rating to Raymond James Financial Inc.'s $750 million of senior unsecured notes due 2051.
The rating is consistent with the company’s BBB+ issuer rating and the ratings on its other senior unsecured notes.
The company intends to use the proceeds toward repaying $250 million of senior notes due 2024 and $500 million of senior notes due 2026.
The outlook is stable.
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