S&P Global Ratings assigned its A-2 short-term issuer credit rating to Jefferies LLC with outlook on its BBB long-term issuer credit rating being stable.

The ratings reflect the agency's view that it is a core subsidiary of ultimate holding company Leucadia National Corp. The agency said the ratings was given on the basis of its long-term issuer credit rating on the company.

The stable outlook reflects that of ultimate parent Leucadia and its expectation that Jefferies will remain a core part of the group.

Jefferies is the main U.S. broker-dealer of Jefferies Group LLC.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global.