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Research Update: Raymond James Financial Inc. Outlook Revised To Stable; 'BBB' Rating Affirmed Nov 11 Product Image

Research Update: Raymond James Financial Inc. Outlook Revised To Stable; 'BBB' Rating Affirmed Nov 11

  • ID: 2026904
  • November 2011
  • Standard & Poors

Abstract
Raymond James' credit quality has improved, and the company's diverse business model continues to produce solid profitability metrics. We are revising our outlook on Raymond James to stable from negative. At the same time, we are affirming our 'BBB' counterparty credit rating on the company. The stable outlook reflects our expectation that the company's asset quality metrics, profitability, liquidity, and leverage will remain relatively stable. On Nov. 22, 2011, Standard & Poor's Ratings Services revised its outlook on Raymond James Financial Inc. to stable from negative. At the same time, we affirmed the 'BBB' counterparty credit rating on the company. The outlook revision reflects our expectation that Raymond James' credit quality will remain relatively stable in the coming quarters. Furthermore,...

Companies mentioned in this report are: Raymond James Financial Inc.
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit READ MORE >

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