Business Services Industry
Fitch Rates Schwab's Long-Term Debt 'A'
Business Wire, June 03, 2009
CHICAGO -- Fitch Ratings has assigned an `A' rating to long-term senior debt issued by Charles Schwab Corporation (SCHW). The Rating Outlook for SCHW is Stable. SCHW has issued $750 million of long-term senior debt to enable it to repay near-term maturities as well as for general corporate purposes. The notes bear a coupon of 4.95% and mature on June 1, 2014.
Charles Schwab Corporation
--Long-term Senior Debt `A'.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 'www.fitchratings.com'. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
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