Fitch rates Schwab notes A

Fitch Ratings said it assigned A ratings to Charles Schwab Corp.’s $1.25 billion senior unsecured notes maturing in March 2026 and $750 million of unsecured notes maturing in March 2031.

“The senior unsecured debt rating is equalized with Schwab’s viability rating (VR) of a, reflecting average recovery prospects under a stressed scenario,” Fitch said in a press release.

Proceeds are expected to be used for general corporate purposes, including providing additional capital to its bank subsidiaries to support balance sheet growth.

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