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DBRS confirms E*Trade
DBRS said it confirmed E*Trade Financial Corp.'s issuer and senior debt rating at B (high) and E*Trade Bank's senior debt rating at BB.
The trend was revised to stable from negative.
In revising the trend to stable, DBRS said it considers the strength of E*Trade's retail investor franchise that has proven resilient during this extended period of financial turmoil.
The ratings and stable outlook also reflect some indications of receding levels of stress in the United States financial market, the agency said.
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