TEXT-S&P ratings - Leucadia National Corp.

Nov 12 -

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Ratings -- Leucadia National Corp. -------------------------------- 12-Nov-2012

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CREDIT RATING: BB+/Watch Pos/-- Country: United States

State/Province: New York

Primary SIC: Fire, marine, and

casualty

insurance

Mult. CUSIP6: 527288

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Credit Rating History:

Local currency Foreign currency

16-Jul-2007 BB+/-- BB+/--

18-Aug-2004 BB/-- BB/--

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Issues:

Rating Rating Date

US$100 mil 7.75% nts due 08/15/2013 BB+/WatchP 16-Jul-2007

US$375 mil 7.00% nts due 08/15/2013 BB+/WatchP 16-Jul-2007

US$500 mil 7.125% nts due 03/15/2017 BB+/WatchP 16-Jul-2007

US$500 mil 8.125% nts due 09/15/2015 BB+/WatchP 24-Sep-2007

US$350 mil 3.75% conv. sub nts due 04/15/2014 BB-/WatchP 16-Jul-2007