S&P revises Jefferies view to stable

S&P said it revised the outlook for Jefferies Financial Group Inc. to stable from negative and affirmed the BBB issuer credit ratings on JFG and Jefferies Group LLC and the BBB+ issuer credit ratings on Jefferies International Ltd. and Jefferies LLC.

“The outlook revision to stable from negative reflects our view that JFG will be less affected by the deterioration of economic conditions than we had anticipated in April, at the onset of the Covid-19 pandemic. Capital market volume has been one of the key strengths for financial institutions amid the pandemic,” S&P said in a press release.

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