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LUK Leucadia National Corp.

23.47
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Leucadia National Corp. NYSE:LUK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.47 0 01:00:00

S&P Cuts Jefferies's Rating to One Level Above Junk

12/12/2014 6:29am

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Leucadia (NYSE:LUK)
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Standard & Poor's Ratings Services cut its issuer credit rating on Jefferies Group LLC to BBB-minus, from BBB.

The ratings firm said the action was driven by revisions to its criteria for U.S. securities firms, and not a sudden change in the creditworthiness of Jefferies.

S&P's BBB-minus rating is one step above junk level.

Jefferies's parent, Leucadia National Corp., also had its rating cut by S&P to BBB-minus from BBB. S&P kept its stable outlook for both.

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