Moody's lifts Raymond James outlook to stable

Moody's Investors Service said it changed the outlook of Raymond James Financial, Inc.'s Baa2 issuer rating to stable from negative.

The stable outlook recognizes improvements at Raymond James Bank including a larger capital base and a smaller, more seasoned loan book, Moody's said. Also supporting the Baa2 rating and stable outlook is the continued solid performance of Raymond James's franchise.

Moody's expects the bank's growth will be more controlled between now and the next inevitable downturn in the asset quality cycle.

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