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S&P rates Schwab notes A, preferreds BBB
S&P said it assigned its A rating to Charles Schwab Corp.’s two new senior unsecured debt issues and its BBB rating to the company’s new perpetual preferred stock series H.
Proceeds are expected to bolster Schwab’s regulatory capital.
The issuances, which provide stable incremental funding, do not affect S&P’s other ratings for the company, the agency said.
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