Moody’s ups Oppenheimer Holdings

Moody's Investors Service said it upgraded Oppenheimer Holdings Inc.’s corporate family rating to B1 from B2.

The company announced it plans to redeem $50 million of its $200 million of 6¾ senior secured notes due 2022, which led to the upgrade, S&P said.

The agency affirmed the B1 rating on Oppenheimer’s senior debt.

Moody’s revised its outlook to stable from positive.

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