trending Market Intelligence /marketintelligence/en/news-insights/trending/fliBtBleptbz09Dv4jc8Gw2 content esgSubNav
In This List

Moody's affirms Jane Street's ratings

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Moody's affirms Jane Street's ratings

Moody's affirmed Jane Street Group LLC's issuer rating and senior secured first-lien term loan rating at Ba3.

The rating agency also assigned a Ba3 rating to Jane Street's $2.0 billion seven-year senior secured first-lien term loan. According to the Moody's report, Jane Street plans to use the net proceeds from the offering to refinance its existing $1.5 billion term loan, to support its operations and trading capital, and for general corporate purposes.

The outlook on the ratings is stable.

Moody's said the affirmation reflects the company's "highly profitable" credit profile and its "strong level" of retained capital. However, the rating agency said that though Jane Street has an effective risk management framework in place, the company may need to evolve it at a faster pace along with its control processes, given the firm's growth trajectory.