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S&P raises E-Trade credit ratings on debt swap (Newsday)

NEW YORK (AP) — Standard & Poor’s Ratings Services on Wednesday upgraded online retail broker E-Trade Financial Corp .’s credit ratings after its newly completed debt exchange, but kept the ratings within junk territory. S&P raised E-Trade’s credit rating one notch to ‘CCC’ from ‘CC’. The upgrades come after the New York -based company said Tuesday it had closed a $1.74 billion debt exchange …