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Prospect News home > News index > List of issuers C > Headlines for Charles Schwab Corp. > News item |
Fitch rates Charles Schwab preferreds BB+
Fitch Ratings said it assigned a BB+ rating to the $425 million series B non-cumulative perpetual preferred stock offering by Charles Schwab Corp.
According to Fitch, proceeds of the offering are intended to be used for general corporate purposes, including potentially funding the banking subsidiary to support balance sheet growth as well as the possible refinancing of outstanding indebtedness.
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