Moody’s changes Charles Schwab view

Moody's Investors Service said it affirmed the ratings of Charles Schwab Corp., including the A2 senior rating and P-1 commercial paper rating.

The agency also changed the outlook to positive from stable.

Moody's said the affirmation reflects the firm's continued strong performance, stable leverage metrics, adherence to conservative financial policies and a consistent long-term business strategy.

The agency said the positive outlook reflects an expectation that Schwab's stronger profitability and its recent market share gains, if sustained over the outlook period, could lead to a higher rating.

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