TEXT-Fitch Expects to Rate Jefferies Group, Inc's Add-On Senior Notes 'BBB'

Thu Apr 19, 2012 6:22pm EDT

NEW YORK, April 19 (Fitch) Fitch Ratings expects to assign a 'BBB' rating to Jefferies Group, Inc.'s (Jefferies) proposed $200 million senior notes due 2021.

The add-on notes will be issued under Jefferies' $550 million 6.875% senior note indenture, which has a maturity date of April 2021. The proposed $200 million add-on issuance will increase the notes outstanding under the indenture to $750 million. This transaction will have a minimal impact on the company's leverage position.

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