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S&P: Raymond James notes BBB
S&P said it assigned a BBB rating on Raymond James Financial Inc.'s new senior unsecured notes issued in two tranches due 2026 and 2046.
The proceeds will provide additional stable funding and available liquidity, S&P said.
This will support growth of the balance sheet and the company's three recent acquisitions, the agency said.
S&P said it continues to view Raymond James’ capitalization as strong and its funding and liquidity as neutral to the rating.
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