Moody's rates Raymond James notes Baa2

Moody's Investors Service said it assigned a Baa2 to $250 million of senior notes to be issued by Raymond James Financial, Inc.

The outlook remains stable.

The ratings on Raymond James consider its strong private client franchise through which it provides full-service brokerage services to retail clients, Moody's said.

The ratings also consider the Raymond James Bank subsidiary loan portfolio, which remains a key credit challenge, the agency said.

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