Fitch Rates Jefferies Group, Inc.'s Convertible Senior Notes 'BBB'

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posted: 34 DAYS 22 HOURS AGO

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Fitch rates Jefferies Group, Inc.'s convertible senior notes due Nov. 1, 2029 'BBB'. These fixed-rate obligations are unsecured obligations, ranking equally with other unsecured senior indebtedness. Proceeds of the new issues will be used for general corporate purposes. Fitch recently affirmed Jefferies' ratings on June 17, 2009. For additional information, refer to Fitch's most recent credit analysis dated Sept. 17, 2009 on Fitch's web site at www.fitchratings.com. A complete list of ratings is shown below:

Jefferies Group, Inc.

--Long-term Issuer Default Rating (IDR) 'BBB';

--Short-term IDR 'F2';

--Senior debt 'BBB'';

--Short-term debt 'F2';

--Subordinated debt 'BB+'.

The Rating Outlook is Negative.

Jefferies, a Delaware-incorporated holding company, is a well-established full service investment bank and institutional securities firm serving middle-market clients and investors. Its primary broker/dealer operating subsidiary, Jefferies & Company, Inc., holds the vast majority of the firm's consolidated assets and is regulated by the SEC. On March 31, 2009 Jefferies had U.S. GAAP total assets of $21.3 billion, shareholders' equity (excluding non-controlling interests) of $2.1 billion and net income of $38.4 million.

Additional information is available at www.fitchratings.com.

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